SOCO International (LON:SIA) announced a dividend on Thursday, March 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 24th will be paid a dividend of GBX 5.25 ($0.07) per share on Friday, June 15th. This represents a dividend yield of 5.55%. The ex-dividend date is Thursday, May 24th. This is a positive change from SOCO International’s previous dividend of $5.00. The official announcement can be accessed at this link.
Shares of SIA opened at GBX 120.40 ($1.62) on Wednesday. SOCO International has a 52 week low of GBX 87.15 ($1.17) and a 52 week high of GBX 150 ($2.01).
In other SOCO International news, insider Jann M. Brown bought 8,635 shares of the firm’s stock in a transaction dated Thursday, April 26th. The shares were acquired at an average cost of GBX 100 ($1.34) per share, for a total transaction of £8,635 ($11,585.94). Also, insider Mike J. Watts bought 8,830 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were acquired at an average price of GBX 98 ($1.31) per share, for a total transaction of £8,653.40 ($11,610.63). Over the last quarter, insiders have bought 26,671 shares of company stock worth $2,594,204.
Separately, Peel Hunt upgraded shares of SOCO International to an “add” rating and raised their price target for the stock from GBX 120 ($1.61) to GBX 140 ($1.88) in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. SOCO International presently has a consensus rating of “Hold” and a consensus target price of GBX 132 ($1.77).
SOCO International Company Profile
SOCO International plc engages in the exploration and production of oil and gas properties. It has interests in oil and gas properties located in Vietnam, the Republic of Congo, and Angola. The company was founded in 1997 and is headquartered in London, the United Kingdom.
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