Produce Investments Ltd (LON:PIL) announced a dividend on Thursday, September 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 2nd will be given a dividend of GBX 5.03 ($0.07) per share on Tuesday, December 5th. This represents a dividend yield of 2.75%. The ex-dividend date is Thursday, November 2nd. This is a positive change from Produce Investments’s previous dividend of $2.44. The official announcement can be accessed at this link.
Produce Investments (PIL) remained flat at GBX 185.00 during midday trading on Friday. 140 shares of the stock traded hands. The company’s 50 day moving average price is GBX 180.78 and its 200-day moving average price is GBX 183.16. Produce Investments has a 52-week low of GBX 143.00 and a 52-week high of GBX 220.00. The stock’s market cap is GBX 50.16 million.
Several research analysts recently weighed in on PIL shares. Whitman Howard reiterated a “buy” rating and set a GBX 210 ($2.77) price target on shares of Produce Investments in a research report on Friday, September 22nd. Numis Securities Ltd reiterated a “buy” rating and set a GBX 286 ($3.77) price target on shares of Produce Investments in a research report on Thursday, September 28th. Finally, Shore Capital reiterated a “buy” rating on shares of Produce Investments in a research report on Thursday, September 21st.
In other Produce Investments news, insider Neil Davidson sold 130,400 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of GBX 192 ($2.53), for a total value of £250,368 ($330,387.97).
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About Produce Investments
Produce Investments PLC is engaged in growing, sourcing, packing and marketing potatoes, daffodils bulbs and flowers. The Company operates through three segments: fresh, processing and other. The Fresh segment comprises the sites, staff and assets that grow, source, pack and deliver fresh produce to customers, ranging from large retailers, wholesalers to small private businesses and this segment covers potatoes, daffodils and bulbs.
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