Shares of Prysmian S.p.A. (OTCMKTS:PRYMY – Get Free Report) shot up 0.5% during trading on Tuesday . The company traded as high as $32.97 and last traded at $32.82. 143,474 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 112,924 shares. The stock had previously closed at $32.67.
Wall Street Analyst Weigh In
Separately, Barclays reaffirmed an “overweight” rating on shares of Prysmian in a research note on Tuesday, May 27th.
Get Our Latest Stock Analysis on PRYMY
Prysmian Price Performance
Prysmian Increases Dividend
The firm also recently announced a dividend, which was paid on Thursday, May 8th. Investors of record on Thursday, April 24th were issued a $0.2385 dividend. This represents a dividend yield of 0.92%. The ex-dividend date was Wednesday, April 23rd. This is a positive change from Prysmian’s previous dividend of $0.23. Prysmian’s dividend payout ratio is currently 34.59%.
Prysmian Company Profile
Prysmian S.p.A., together with its subsidiaries, produces, distributes, and sells power and telecom cables and systems, and related accessories under the Prysmian, Draka, and General Cable brands worldwide. It operates through four segments: Renewable Transmission, Power Grid, Electrification, and Digital Solutions.
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