Conduit Holdings Limited (LON:CRE) Announces $0.18 Dividend

Conduit Holdings Limited (LON:CRE - Get Free Report) declared a dividend on Wednesday, February 19th, DividendData.Co.Uk reports. Investors of record on Thursday, March 20th will be paid a dividend of $0.18 per share on Thursday, April 17th. This represents a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. The official announcement can be accessed at this link.

Conduit Stock Performance

LON:CRE traded up GBX 1.50 ($0.02) during mid-day trading on Friday, hitting GBX 355 ($4.58). 470,880 shares of the company's stock traded hands, compared to its average volume of 1,027,931. The company has a fifty day moving average of GBX 421.71 and a 200 day moving average of GBX 475.68. Conduit has a twelve month low of GBX 350 ($4.52) and a twelve month high of GBX 549.74 ($7.10). The company has a market capitalization of £713.72 million, a P/E ratio of 3.35 and a beta of 0.52.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 700 ($9.04) target price on shares of Conduit in a research report on Wednesday, February 12th.

Insider Transactions at Conduit

In related news, insider Trevor Carvey bought 10,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average cost of GBX 384 ($4.96) per share, with a total value of £38,400 ($49,580.37). Company insiders own 6.19% of the company's stock.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.