Travis Perkins (OTCMKTS:TPRKY) Shares Gap Up After Dividend Announcement

Key Points

• Travis Perkins PLC shares experienced a gap up in trading, opening at $8.43 after closing at $8.06, following the announcement of a new dividend.
• The declared dividend of $0.061 will yield an impressive 226.0% and is set to be paid on November 14th to investors of record as of October 6th.
• The company operates in the building material distribution sector in the UK through its Merchanting and Toolstation segments.

Shares of Travis Perkins PLC (OTCMKTS:TPRKY - ) gapped up before the market opened on Wednesday after the company announced a dividend. The stock had previously closed at $8.06, but opened at $8.43. Travis Perkins shares last traded at $8.43, with a volume of 564 shares changing hands. The newly announced dividend which will be paid on Friday, November 14th. Investors of record on Monday, October 6th will be paid a $0.061 dividend. This represents a dividend yield of 226.0%. The ex-dividend date of this dividend is Friday, October 3rd.

Travis Perkins Trading Up 4.5%

The company has a current ratio of 1.49, a quick ratio of 0.94 and a debt-to-equity ratio of 0.15. The stock's 50-day simple moving average is $7.84 and its 200-day simple moving average is $7.83.

Travis Perkins Company Profile

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.

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