Persimmon (OTCMKTS:PSMMY) Shares Down 0.8% - Here's Why

Persimmon Plc (OTCMKTS:PSMMY - Get Free Report) shares traded down 0.8% during mid-day trading on Monday . The company traded as low as $37.21 and last traded at $37.21. 5,866 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 24,173 shares. The stock had previously closed at $37.50.

Wall Street Analyst Weigh In

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

Persimmon Stock Up 0.1%

The stock's fifty day moving average price is $35.30 and its 200-day moving average price is $32.14.

Persimmon Increases Dividend

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

Persimmon Company Profile

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.