ContourGlobal plc (LON:GLO) Declares Dividend Increase – GBX 4.01 Per Share

ContourGlobal plc (LON:GLO – Get Rating) declared a dividend on Friday, May 13th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 26th will be given a dividend of GBX 4.01 ($0.05) per share on Friday, June 10th. This represents a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, May 26th. This is an increase from ContourGlobal’s previous dividend of $3.39. The official announcement can be viewed at this link.

GLO opened at GBX 192 ($2.37) on Friday. The company has a fifty day moving average price of GBX 191.53 and a 200-day moving average price of GBX 189.26. The firm has a market capitalization of £1.26 billion and a P/E ratio of 19.59. The company has a debt-to-equity ratio of 1,152.39, a current ratio of 0.93 and a quick ratio of 0.50. ContourGlobal has a one year low of GBX 171.60 ($2.12) and a one year high of GBX 204.50 ($2.52).

Separately, Morgan Stanley restated an “equal weight” rating and set a GBX 215 ($2.65) price target on shares of ContourGlobal in a research report on Tuesday, May 3rd.

ContourGlobal Company Profile (Get Rating)

ContourGlobal plc acquires, develops, and operates wholesale power generation businesses. The company generates 1,808 MW of renewable electricity from hydro, solar, wind, and biogas; and 2,509 MW of thermal electricity from gas, coal, and oil. It operates a portfolio of 138 thermal and renewable power plants.

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