Clipper Logistics PLC (LON:CLG) Raises Dividend to GBX 6.50 Per Share

Clipper Logistics PLC (LON:CLG) announced a dividend on Friday, August 30th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 19th will be paid a dividend of GBX 6.50 ($0.08) per share on Wednesday, October 23rd. This represents a dividend yield of 2.97%. The ex-dividend date is Thursday, September 19th. This is a boost from Clipper Logistics’s previous dividend of $3.20. The official announcement can be seen at this link.

Shares of CLG opened at GBX 217 ($2.84) on Wednesday. The company has a current ratio of 0.89, a quick ratio of 0.60 and a debt-to-equity ratio of 168.50. The company has a market capitalization of $220.59 million and a price-to-earnings ratio of 16.56. The stock has a 50 day moving average of GBX 237.75 and a 200 day moving average of GBX 263.57. Clipper Logistics has a 12 month low of GBX 210 ($2.74) and a 12 month high of GBX 314.50 ($4.11).

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 320 ($4.18) price target on shares of Clipper Logistics in a research report on Tuesday, August 27th.

About Clipper Logistics

Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom, Germany, and rest of Europe. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. It offers e-fulfilment, returns management, port deconsolidation logistics, retail consolidation, multichannel, warehousing, secure logistics, transportation, and contract packaging services.

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Dividend History for Clipper Logistics (LON:CLG)

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