ContourGlobal (LON:GLO) Shares Down 0.6%

Shares of ContourGlobal plc (LON:GLOGet Rating) dropped 0.6% on Friday . The company traded as low as GBX 249 ($2.93) and last traded at GBX 249 ($2.93). Approximately 657,575 shares changed hands during mid-day trading, a decline of 3% from the average daily volume of 678,875 shares. The stock had previously closed at GBX 250.50 ($2.94).

ContourGlobal Stock Down 0.6 %

The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 645.93. The firm has a 50 day moving average price of GBX 252.74 and a 200-day moving average price of GBX 249.66. The firm has a market cap of £1.64 billion and a price-to-earnings ratio of 996.00.

ContourGlobal Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 10th will be given a dividend of GBX 4.22 ($0.05) per share. The ex-dividend date of this dividend is Thursday, November 10th. This represents a yield of 1.66%. This is a boost from ContourGlobal’s previous dividend of $4.05. ContourGlobal’s payout ratio is presently 73.46%.

About ContourGlobal

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ContourGlobal plc acquires, develops, and operates wholesale power generation businesses. The company generates 1,808 MW of renewable electricity from hydro, solar, wind, and biogas; and 2,509 MW of thermal electricity from gas, coal, and oil. It operates a portfolio of 138 thermal and renewable power plants.

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