Town Centre Securities Plc (LON:TOWN) reached a new 52-week low on Thursday . The company traded as low as GBX 252 ($3.29) and last traded at GBX 252 ($3.29), with a volume of 5881 shares changing hands. The stock had previously closed at GBX 262 ($3.42).
Separately, Liberum Capital restated a “buy” rating on shares of Town Centre Securities in a report on Wednesday, September 26th.
The firm also recently declared a dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 6th will be issued a dividend of GBX 8.50 ($0.11) per share. This represents a yield of 3.22%. The ex-dividend date is Thursday, December 6th. This is an increase from Town Centre Securities’s previous dividend of $3.25.
In related news, insider Michael Ziff sold 50,000 shares of the business’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of GBX 270 ($3.53), for a total transaction of £135,000 ($176,401.41).
About Town Centre Securities (LON:TOWN)
Town Centre Securities PLC (TCS) is a leading UK property investment & development company with property assets of approximately £385 million. With more than 50 years' experience, a commitment to sustainable development and a reputation for quality & innovation, TCS create outstanding mixed use developments close to transport hubs in Leeds, London, Manchester, Edinburgh and Glasgow.
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