Conduit Holdings Limited (LON:CRE) Announces $0.18 Dividend

Conduit Holdings Limited (LON:CRE) announced a dividend on Wednesday, February 19th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.18 per share on Thursday, April 17th. This represents a yield of 3.54%. The ex-dividend date is Thursday, March 20th. The official announcement can be accessed at this link.

Conduit Stock Up 0.1 %

Conduit stock traded up GBX 0.50 ($0.01) during trading hours on Tuesday, reaching GBX 392 ($5.09). 5,802,502 shares of the company’s stock were exchanged, compared to its average volume of 1,158,102. The firm’s 50 day simple moving average is GBX 429.98 and its 200 day simple moving average is GBX 479.74. The firm has a market capitalization of £788.11 million, a PE ratio of 3.70 and a beta of 0.52. Conduit has a twelve month low of GBX 370.25 ($4.81) and a twelve month high of GBX 549.74 ($7.14).

Insider Activity

In related news, insider Trevor Carvey purchased 10,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average price of GBX 384 ($4.99) per share, for a total transaction of £38,400 ($49,876.61). 6.19% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 700 ($9.09) target price on shares of Conduit in a research note on Wednesday, February 12th.

About Conduit

Conduit Re is a pure play global reinsurance business based in Bermuda. Conduit Reinsurance Limited is licensed by the Bermuda Monetary Authority as a Class 4 insurer. A.M. Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of a- (Excellent) to Conduit Reinsurance Limited.