Persimmon (OTCMKTS:PSMMY) Sees Large Volume Increase - Here's What Happened

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 79,037 shares changed hands during mid-day 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.

Wall Street Analysts Forecast Growth

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

Persimmon Price Performance

The company has a 50-day moving average of $35.92 and a 200 day moving average of $32.31.

Persimmon Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 28th. Shareholders of record on Monday, June 23rd will be given a dividend of $0.9997 per share. This represents a dividend yield of 3.94%. The ex-dividend date is Friday, June 20th. This is a positive change from Persimmon's previous dividend of $0.48.

About Persimmon

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.