Conduit Holdings Limited (LON:CRE) to Issue $0.18 Dividend

Conduit Holdings Limited (LON:CRE) declared 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 of this dividend is Thursday, March 20th. The official announcement can be seen at this link.

Conduit Price Performance

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

Analyst Ratings Changes

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

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 shares were bought at an average price of GBX 384 ($4.99) per share, with a total value of £38,400 ($49,876.61). Company insiders own 6.19% of the company’s stock.

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.