LSC Communications, Inc. (LKSD) Director Purchases $105,100.00 in Stock
LSC Communications, Inc. (NASDAQ:LKSD) Director Shivan S. Subramaniam purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were bought at an average cost of $21.02 per share, for a total transaction of $105,100.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of LSC Communications, Inc. (NASDAQ:LKSD) traded up 0.67% during trading on Wednesday, hitting $21.18. 384,321 shares of the stock traded hands. The stock has a 50 day moving average of $23.40 and a 200 day moving average of $24.41. LSC Communications, Inc. has a 52-week low of $17.00 and a 52-week high of $37.40. The firm has a market cap of $696.82 million and a price-to-earnings ratio of 5.16.
The company also recently announced a monthly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, November 14th. This represents a $3.00 dividend on an annualized basis and a yield of 14.16%.
Separately, CJS Securities initiated coverage on shares of LSC Communications in a research note on Friday, November 18th. They issued an “outperform” rating on the stock.
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