Tricorn Group plc (LON:TCN) Announces Dividend Increase – GBX 0.20 Per Share

Tricorn Group plc (LON:TCN) declared a dividend on Monday, June 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 0.20 ($0.00) per share on Friday, October 18th. This represents a dividend yield of 1.08%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Tricorn Group’s previous dividend of $0.13. The official announcement can be accessed at this link.

TCN remained flat at $GBX 18.50 ($0.24) during trading on Wednesday. 3,000 shares of the company’s stock traded hands, compared to its average volume of 11,436. The firm has a market capitalization of $6.35 million and a PE ratio of 7.71. Tricorn Group has a 52 week low of GBX 14 ($0.18) and a 52 week high of GBX 39 ($0.51). The company has a current ratio of 1.10, a quick ratio of 0.72 and a debt-to-equity ratio of 57.76. The firm has a fifty day simple moving average of GBX 18.29.

Tricorn Group (LON:TCN) last announced its earnings results on Monday, June 3rd. The company reported GBX 3.02 ($0.04) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 3 ($0.04) by GBX 0.02 ($0.00). Research analysts predict that Tricorn Group will post 419.9999528 EPS for the current fiscal year.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Tricorn Group in a report on Monday, June 3rd.

About Tricorn Group

Tricorn Group plc manufactures and supplies pipe and tubing assemblies for companies worldwide. It operates through two segments, Transportation and Energy. The Energy segment provides manipulated tubular assemblies for use in power generation, oil and gas, and marine sectors. The Transportation segment offers ferrous, non-ferrous, and nylon material tubular assemblies for use in on- and off-highway applications.

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