Persimmon Plc (LON:PSN) Announces Dividend Increase - GBX 40 Per Share

Persimmon Plc (LON:PSN - Get Free Report) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Stockholders of record on Thursday, June 19th will be given a dividend of GBX 40 ($0.54) per share on Friday, July 11th. This represents a dividend yield of 3.34%. The ex-dividend date of this dividend is Thursday, June 19th. This is a 100.0% increase from Persimmon's previous dividend of $20.00. The official announcement can be accessed at this link.

Persimmon Stock Performance

PSN stock opened at GBX 1,370.55 ($18.60) on Tuesday. The company has a debt-to-equity ratio of 4.91, a current ratio of 4.09 and a quick ratio of 1.04. The business has a 50-day moving average price of GBX 1,294.55 and a 200 day moving average price of GBX 1,237.20. The company has a market capitalization of £4.40 billion, a P/E ratio of 17.16, a PEG ratio of 0.83 and a beta of 1.37. Persimmon has a 1-year low of GBX 1,047 ($14.21) and a 1-year high of GBX 1,721.80 ($23.37).

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "hold" rating on shares of Persimmon in a research report on Wednesday, March 12th.

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.

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