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

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 viewed at this link.

Conduit Price Performance

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

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, insider Trevor Carvey acquired 10,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of GBX 384 ($4.99) per share, with a total value of £38,400 ($49,876.61). 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.