Abcam Plc (ABC) to Issue Dividend Increase – GBX 8.58 Per Share
Abcam Plc (LON:ABC) declared a dividend on Tuesday, September 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 8th will be paid a dividend of GBX 8.58 ($0.11) per share on Friday, November 30th. This represents a dividend yield of 0.65%. The ex-dividend date is Thursday, November 8th. This is a positive change from Abcam’s previous dividend of $3.42. The official announcement can be accessed at this link.
Shares of Abcam stock traded down GBX 10 ($0.13) on Wednesday, reaching GBX 1,314 ($17.12). 797,676 shares of the stock were exchanged, compared to its average volume of 497,233. Abcam has a 1-year low of GBX 9.73 ($0.13) and a 1-year high of GBX 1,290 ($16.80).
ABC has been the topic of a number of recent analyst reports. Berenberg Bank upgraded shares of Abcam to a “buy” rating and boosted their price target for the stock from GBX 1,230 ($16.02) to GBX 1,640 ($21.36) in a research note on Tuesday, July 31st. Numis Securities reiterated a “hold” rating on shares of Abcam in a research note on Tuesday. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 1,100 ($14.33) price target on shares of Abcam in a research note on Monday.
Abcam plc, together with its subsidiaries, produces and distributes research-grade antibodies and associated protein research tools worldwide. The company primarily offers primary and secondary antibodies, biochemicals, isotype controls, flow cytometry multi-color selectors, kits, loading controls, lysates, peptides, proteins, slides, tags and cell markers, and tools and reagents.
Recommended Story: NASDAQ Stock Market Explained
Receive News & Ratings for Abcam Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abcam and related companies with MarketBeat.com's FREE daily email newsletter.