Clipper Logistics PLC (LON:CLG) to Issue Dividend Increase – GBX 6.50 Per Share

Clipper Logistics PLC (LON:CLG) declared a dividend on Friday, August 30th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be paid a dividend of GBX 6.50 ($0.08) per share on Wednesday, October 23rd. This represents a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, September 19th. This is a boost from Clipper Logistics’s previous dividend of $3.20. The official announcement can be seen at this link.

Shares of Clipper Logistics stock traded up GBX 6 ($0.08) on Friday, hitting GBX 219 ($2.86). The stock had a trading volume of 825,905 shares, compared to its average volume of 45,889. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 113.28. Clipper Logistics has a one year low of GBX 210 ($2.74) and a one year high of GBX 326 ($4.26). The stock has a market cap of $222.62 million and a price-to-earnings ratio of 14.41. The stock’s 50-day simple moving average is GBX 252.50 and its two-hundred day simple moving average is GBX 264.46.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 320 ($4.18) price target on shares of Clipper Logistics in a report on Tuesday.

About Clipper Logistics

Clipper Logistics plc, together with its subsidiaries, provides value-added logistics services to the retail sector in the United Kingdom, Germany, and rest of Europe. The company operates through two segments, Value-Added Logistics Services and Commercial Vehicles. It offers e-fulfilment, returns management, port deconsolidation logistics, retail consolidation, multichannel, warehousing, secure logistics, transportation, and contract packaging services.

See Also: Cost of Goods Sold (COGS)

Dividend History for Clipper Logistics (LON:CLG)

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