Crest Nicholson Holdings plc (LON:CRST) Increases Dividend to GBX 1.20 Per Share

Crest Nicholson Holdings plc (LON:CRST) declared 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 of this dividend is Thursday, March 27th. This is a 20.0% increase from Crest Nicholson’s previous dividend of $1.00. The official announcement can be viewed at this link.

Crest Nicholson Stock Up 5.7 %

Shares of LON CRST opened at GBX 175.09 ($2.26) on Tuesday. Crest Nicholson has a 52-week low of GBX 143.50 ($1.85) and a 52-week high of GBX 272.40 ($3.52). The firm has a market capitalization of £449.07 million, a price-to-earnings ratio of -16.86, a PEG ratio of 0.51 and a beta of 2.00. The stock has a 50 day moving average price of GBX 164.23 and a 200 day moving average price of GBX 170.86. The company has a debt-to-equity ratio of 12.94, a quick ratio of 0.72 and a current ratio of 3.27.

Crest Nicholson (LON:CRST) last announced its quarterly 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%. Sell-side analysts expect that Crest Nicholson will post 9.0980939 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised shares of Crest Nicholson to a “neutral” rating and lifted their price target for the stock from GBX 180 ($2.33) to GBX 190 ($2.46) in a report on Thursday, December 5th.

Insider Activity

In other Crest Nicholson news, insider William Floydd acquired 11,024 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of GBX 157 ($2.03) per share, for a total transaction of £17,307.68 ($22,364.23). 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.