Posted on 07 Jun 2016

Palace Capital PLC (PCA) Raises Dividend to GBX 9 Per Share


Palace Capital PLC (LON:PCA) declared a dividend on Monday, June 6th. Shareholders of record on Thursday, July 7th will be given a dividend of GBX 9 ($0.13) per share on Friday, July 29th. This represents a yield of 2.47%. The ex-dividend date of this dividend is Thursday, July 7th. This is a positive change from Palace Capital PLC’s previous dividend of $7.00. The official announcement can be accessed at this link.

Shares of Palace Capital PLC (LON:PCA) traded up 1.39% during mid-day trading on Monday, reaching GBX 365.00. 6,687 shares of the company’s stock traded hands. The company’s market cap is GBX 94.10 million. Palace Capital PLC has a 12-month low of GBX 320.00 and a 12-month high of GBX 405.00. The firm has a 50-day moving average of GBX 0.00 and a 200 day moving average of GBX 0.00.

Palace Capital plc is a United Kingdom-based commercial property investment company. The Company invests in entities operating within the property sector. It is focused on acquiring property assets, primarily outside of London. The Company’s portfolio consists of fifty properties, with a total floor space of 1.5 million square feet and an occupancy rate of 90.6% by lettable space.