Persimmon Plc (LON:PSN) Raises Dividend to GBX 40 Per Share

Persimmon Plc (LON:PSN - Get Free Report) declared a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Investors of record on Thursday, June 19th will be paid a dividend of GBX 40 ($0.54) per share on Friday, July 11th. This represents a 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 viewed at this link.

Persimmon Price Performance

PSN traded down GBX 7.50 ($0.10) during trading on Friday, reaching GBX 1,312.50 ($17.67). The stock had a trading volume of 2,152,270 shares, compared to its average volume of 5,818,582. The business has a 50-day moving average of GBX 1,309.79 and a 200-day moving average of GBX 1,239.39. Persimmon has a one year low of GBX 1,047 ($14.10) and a one year high of GBX 1,721.80 ($23.19). The company has a debt-to-equity ratio of 4.91, a quick ratio of 1.04 and a current ratio of 4.09. The stock has a market cap of £4.22 billion, a PE ratio of 16.43, a PEG ratio of 0.83 and a beta of 1.37.

Analyst Upgrades and Downgrades

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.