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Persimmon (OTCMKTS:PSMMY) Sees Strong Trading Volume - Here's What Happened

Persimmon logo with Construction background

Shares of Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 79,037 shares were traded during trading, an increase of 236% from the previous session's volume of 23,503 shares.The stock last traded at $36.71 and had previously closed at $36.69.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an "overweight" rating on shares of Persimmon in a research report on Tuesday, May 6th.

Get Our Latest Stock Report on PSMMY

Persimmon Stock Up 0.1%

The stock has a 50 day moving average of $35.63 and a two-hundred day moving average of $32.22.

Persimmon Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, June 23rd will be paid a $0.9997 dividend. This represents a dividend yield of 3.94%. This is a boost from Persimmon's previous dividend of $0.48. The ex-dividend date is Friday, June 20th.

About Persimmon

(Get Free Report)

Persimmon Plc, together with its subsidiaries, operates as a house builder in the United Kingdom. The company offers family housing under the Persimmon Homes brand name; housing under the Charles Church brand name; and social housing under the Westbury Partnerships brand name. It also provides broadband services under the FibreNest brand; and timber frame, insulated wall panels, and roof cassettes under the brand Space4.

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