Clarkson PLC (LON:CKN) Plans Dividend Increase – GBX 72 Per Share

Clarkson PLC (LON:CKN) announced a dividend on Monday, March 4th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 9th will be given a dividend of GBX 72 ($0.90) per share on Friday, May 24th. This represents a dividend yield of 1.96%. The ex-dividend date of this dividend is Thursday, May 9th. This is an increase from Clarkson’s previous dividend of $30.00. The official announcement can be viewed at this link.

Clarkson Trading Up 2.0 %

Shares of Clarkson stock opened at GBX 4,000 ($50.25) on Tuesday. The stock has a market cap of £1.23 billion, a PE ratio of 1,430.66 and a beta of 1.16. The firm has a fifty day moving average price of GBX 3,941.09 and a 200 day moving average price of GBX 3,431.02. Clarkson has a 1 year low of GBX 2,500 ($31.41) and a 1 year high of GBX 4,145 ($52.07). The company has a debt-to-equity ratio of 9.46, a current ratio of 1.59 and a quick ratio of 1.69.

Insider Buying and Selling

In other Clarkson news, insider Jeff Woyda sold 18,773 shares of Clarkson stock in a transaction on Monday, April 15th. The shares were sold at an average price of GBX 4,075 ($51.19), for a total value of £764,999.75 ($961,054.96). 11.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CKN. JPMorgan Chase & Co. lifted their price objective on Clarkson from GBX 4,080 ($51.26) to GBX 4,320 ($54.27) and gave the company an “overweight” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group lifted their price target on Clarkson from GBX 4,325 ($54.33) to GBX 4,500 ($56.53) and gave the company a “buy” rating in a research report on Tuesday, March 5th.

About Clarkson

Clarkson PLC provides integrated shipping services worldwide. The company's Broking segment offers services to shipowners and charterers in the transportation of various cargoes by sea; and to buyers and sellers/yards related to sale and purchase transactions, as well as futures broking operation.