C&C Group (CCR) Sets New 52-Week High After Dividend Announcement

C&C Group Plc (LON:CCR)’s share price hit a new 52-week high during trading on Thursday following a dividend announcement from the company. The stock traded as high as GBX 378 ($4.94) and last traded at GBX 3.70 ($0.05), with a volume of 3969 shares changing hands. The stock had previously closed at GBX 3.75 ($0.05).

The newly announced dividend which will be paid on Friday, July 19th. Stockholders of record on Thursday, May 30th will be paid a dividend of €0.10 ($0.12) per share. The ex-dividend date is Thursday, May 30th. This represents a dividend yield of 2.7%. This is a positive change from C&C Group’s previous dividend of $0.05. C&C Group’s dividend payout ratio (DPR) is currently 64.38%.

Separately, Shore Capital reiterated an “under review” rating on shares of C&C Group in a research note on Thursday, March 7th.

The company has a market cap of $1.14 billion and a PE ratio of 1,592.27. The company has a debt-to-equity ratio of 93.81, a quick ratio of 0.98 and a current ratio of 1.31.

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About C&C Group (LON:CCR)

C&C Group plc manufactures, markets, and distributes cider, beer, wine, soft drinks, and bottled water in the Republic of Ireland, Scotland, England and Wales, the United States, Canada, and internationally. The company offers ciders under the Magners, Bulmers, Gaymers, Woodchuck, Wyder's, Hornsby's, Blackthorn, Olde English, Addlestones, Montano, Chaplin & Cork's, K, Natch, Special VAT, and Taunton Traditional brands; and beers under the Tennent's Lager, Tennent's Black T, Caledonia Best, Heverlee, Clonmel 1650, Tennent's Beer Aged with Whisky Oak, Menabrea, Pabst Blue Ribbon, and Roundstone Irish Ale brands.

Further Reading: Cost of Capital

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