Persimmon Plc (LON:PSN) to Issue Dividend of GBX 40

Persimmon Plc (LON:PSN) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Investors 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 yield of 3.34%. The ex-dividend date 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 Stock Performance

LON PSN opened at GBX 1,371.50 ($18.61) 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 company has a market capitalization of £4.41 billion, a PE ratio of 17.17, a P/E/G 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). The company has a fifty day moving average of GBX 1,294.55 and a two-hundred day moving average of GBX 1,237.20.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “hold” rating on shares of Persimmon in a research report on Wednesday, March 12th.

About Persimmon

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.