Fulcrum Utility Services Ltd (FCRM) to Issue Dividend Increase – GBX 0.60 Per Share

Fulcrum Utility Services Ltd (LON:FCRM) announced a dividend on Tuesday, June 7th. Investors of record on Thursday, September 29th will be paid a dividend of GBX 0.60 ($0.01) per share on Friday, October 28th. This represents a dividend yield of 1.45%. The ex-dividend date is Thursday, September 29th. This is a positive change from Fulcrum Utility Services’s previous dividend of $0.30. The official announcement can be accessed at this link.

Shares of Fulcrum Utility Services (LON:FCRM) opened at 37.00 on Friday. Fulcrum Utility Services has a 12 month low of GBX 16.03 and a 12 month high of GBX 46.00. The company’s market cap is GBX 57.86 million. The company’s 50 day moving average is GBX 36.90 and its 200-day moving average is GBX 37.40.

In other Fulcrum Utility Services news, insider Holder,Phil purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were bought at an average price of GBX 37 ($0.48) per share, for a total transaction of £37,000 ($48,296.57). Also, insider Gutteridge,Stephen sold 25,000 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of GBX 39 ($0.51), for a total transaction of £9,750 ($12,726.80).

Separately, FinnCap began coverage on shares of Fulcrum Utility Services in a research note on Monday, July 11th. They set a “buy” rating and a GBX 50 ($0.65) price target on the stock.

Fulcrum Utility Services Company Profile

Fulcrum Utility Services Limited provides unregulated utility connections and independent gas transportation services in the United Kingdom. The Company’s segments include Infrastructure Services segment, which provides utility infrastructure and connections services, and Pipelines segment, which comprises both the ownership of gas infrastructure assets and the conveyance of gas through its gas transportation networks.

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