Crest Nicholson Holdings plc (LON:CRST) to Issue Dividend Increase - GBX 1.20 Per Share

Crest Nicholson Holdings plc (LON:CRST - Get Free Report) announced a dividend on Tuesday, February 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 1.20 ($0.02) per share on Friday, April 25th. This represents a yield of 0.78%. The ex-dividend date is Thursday, March 27th. This is a 20.0% increase from Crest Nicholson's previous dividend of $1.00. The official announcement can be seen at this link.

Crest Nicholson Stock Performance

Shares of Crest Nicholson stock traded up GBX 4.20 ($0.05) on Friday, reaching GBX 173.80 ($2.25). The stock had a trading volume of 523,503 shares, compared to its average volume of 1,908,567. The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27. The business's 50-day moving average price is GBX 164.54 and its two-hundred day moving average price is GBX 170.39. The stock has a market cap of £445.77 million, a P/E ratio of -16.73, a price-to-earnings-growth ratio of 0.51 and a beta of 2.00. Crest Nicholson has a fifty-two week low of GBX 143.50 ($1.86) and a fifty-two week high of GBX 272.40 ($3.53).

Crest Nicholson (LON:CRST - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported GBX 5.60 ($0.07) earnings per share for the quarter. Crest Nicholson had a negative net margin of 4.21% and a negative return on equity of 3.47%. On average, sell-side analysts forecast that Crest Nicholson will post 9.0980939 EPS for the current year.

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Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded Crest Nicholson to a "neutral" rating and increased their target price for the company from GBX 180 ($2.33) to GBX 190 ($2.46) in a research note on Thursday, December 5th.

Insider Activity at Crest Nicholson

In other news, insider William Floydd acquired 11,024 shares of Crest Nicholson stock in a transaction on Friday, February 28th. The stock was bought at an average price of GBX 157 ($2.03) per share, for a total transaction of £17,307.68 ($22,401.86). Corporate insiders own 9.46% of the company's stock.

Crest Nicholson Company Profile

Crest Nicholson Holdings plc engages in building residential homes in the United Kingdom. It develops and sells apartments, houses, and commercial properties. The company was founded in 1963 and is headquartered in Addlestone, the United Kingdom.