Colefax Group Plc (LON:CFX) Plans Dividend Increase – GBX 2.70 Per Share
Colefax Group Plc (LON:CFX) declared a dividend on Tuesday, July 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 12th will be paid a dividend of GBX 2.70 ($0.04) per share on Thursday, October 10th. This represents a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, September 12th. This is a positive change from Colefax Group’s previous dividend of $2.50. The official announcement can be accessed at this link.
Shares of CFX opened at GBX 488 ($6.38) on Wednesday. The company has a market capitalization of $47.86 million and a PE ratio of 12.42. Colefax Group has a 12 month low of GBX 450 ($5.88) and a 12 month high of GBX 610 ($7.97). The stock’s 50-day moving average price is GBX 503.66 and its two-hundred day moving average price is GBX 516.26.
Separately, Peel Hunt cut Colefax Group to a “hold” rating and decreased their price target for the company from GBX 575 ($7.51) to GBX 525 ($6.86) in a research note on Tuesday, July 23rd.
Colefax Group plc engages in the design, marketing, distribution, and retailing of furnishing fabrics, wallpapers, trimmings, upholstered furniture, and related products in the United Kingdom and internationally. The company operates in two divisions, Product and Decorating. It also sells antiques, as well as provides interior and architectural design, project management, decoration, and furnishing services for private individuals and commercial firms.
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