CRH plc (NYSE:CRH) Declares Dividend Increase – $0.35 Per Share

CRH plc (NYSE:CRHGet Free Report) declared a Variable dividend on Friday, May 10th, NASDAQ reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.35 per share by the construction company on Wednesday, June 26th. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 23rd. This is a boost from CRH’s previous Variable dividend of $0.23.

CRH Trading Down 0.1 %

CRH stock opened at $81.06 on Wednesday. CRH has a twelve month low of $47.14 and a twelve month high of $88.00. The firm’s fifty day simple moving average is $82.35 and its two-hundred day simple moving average is $74.02.

CRH (NYSE:CRHGet Free Report) last posted its quarterly earnings data on Friday, May 10th. The construction company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.04. The firm had revenue of $6.53 billion for the quarter, compared to the consensus estimate of $6.60 billion. Analysts anticipate that CRH will post 5.36 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CRH shares. Jefferies Financial Group boosted their price objective on shares of CRH from $89.70 to $100.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Stifel Nicolaus reiterated a “hold” rating and set a $82.00 price objective (up previously from $80.00) on shares of CRH in a research report on Monday, April 15th. cut shares of CRH from a “strong-buy” rating to a “buy” rating in a report on Monday, May 13th. Vertical Research started coverage on shares of CRH in a report on Friday, March 22nd. They issued a “buy” rating and a $105.00 price target on the stock. Finally, Citigroup upped their price target on shares of CRH from $101.00 to $106.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.28.

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About CRH

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CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.

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Dividend History for CRH (NYSE:CRH)

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