CLS Holdings plc (LON:CLI) Raises Dividend to GBX 2.68 Per Share

CLS Holdings plc (LON:CLI) declared a dividend on Tuesday, April 1st, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 10th will be paid a dividend of GBX 2.68 ($0.03) per share on Friday, May 23rd. This represents a dividend yield of 4.17%. The ex-dividend date is Thursday, April 10th. This is a 3.1% increase from CLS’s previous dividend of $2.60. The official announcement can be seen at this link.

CLS Stock Up 2.9 %

Shares of CLI opened at GBX 62.89 ($0.80) on Tuesday. The stock has a market capitalization of £250.61 million, a price-to-earnings ratio of -1.21 and a beta of 1.01. CLS has a 52 week low of GBX 60.91 ($0.78) and a 52 week high of GBX 101.40 ($1.29). The company has a debt-to-equity ratio of 123.30, a quick ratio of 0.59 and a current ratio of 0.73. The stock has a fifty day moving average of GBX 71.06 and a 200-day moving average of GBX 80.91.

CLS (LON:CLI) last released its quarterly earnings results on Tuesday, April 1st. The company reported GBX (23.60) (($0.30)) earnings per share for the quarter. CLS had a negative return on equity of 23.42% and a negative net margin of 134.11%. As a group, sell-side analysts anticipate that CLS will post 10.0104167 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 114 ($1.45) target price on shares of CLS in a research report on Tuesday, April 1st.

CLS Company Profile

We are a commercial property investment company with a £2.1bn portfolio listed on the Premium Main Market on the London Stock Exchange, specialising in future-focused office space in the UK, Germany and France. Through geographical diversification, local expertise and an active management approach, we transform office properties into sustainable, modern spaces that help our tenants’ businesses to grow.