Severn Trent (OTCMKTS:SVTRF) Trading 6.3% Higher – Here’s Why

Severn Trent PLC (OTCMKTS:SVTRF) shares were up 6.3% on Tuesday . The company traded as high as $38.78 and last traded at $38.78. Approximately 100 shares traded hands during trading, a decline of 85% from the average daily volume of 665 shares. The stock had previously closed at $36.47.

Severn Trent Stock Up 6.3%

The stock has a 50 day moving average price of $37.10 and a 200-day moving average price of $36.16.

Severn Trent Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, January 12th. Shareholders of record on Friday, November 28th will be given a $50.40 dividend. This represents a yield of 438.0%. The ex-dividend date of this dividend is Thursday, November 27th. Severn Trent’s dividend payout ratio (DPR) is presently 98.13%.

Severn Trent Company Profile

Severn Trent PLC is a UK‐based water utility company providing water supply and wastewater collection and treatment services. Operating primarily in the East and West Midlands regions of England, it serves residential, commercial and industrial customers through a network of treatment works, pumping stations and distribution mains. Its core activities include water abstraction, purification and distribution, as well as sewerage services, treatment plant operation and sludge management.

Beyond regulated supply in England and Wales, Severn Trent delivers non-regulated services under Severn Trent Services, a division that offers environmental consultancy, water infrastructure maintenance, laboratory testing and leak detection.