Severn Trent PLC (OTCMKTS:STRNY – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 9,700 shares, a decline of 24.2% from the April 30th total of 12,800 shares. Based on an average trading volume of 41,800 shares, the days-to-cover ratio is presently 0.2 days.
Severn Trent Stock Performance
Severn Trent stock opened at $35.91 on Wednesday. Severn Trent has a fifty-two week low of $28.78 and a fifty-two week high of $37.76. The firm’s 50-day simple moving average is $35.58 and its 200 day simple moving average is $33.20.
Severn Trent Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, June 3rd will be paid a $0.931 dividend. This represents a dividend yield of 3.95%. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Severn Trent’s previous dividend of $0.62. Severn Trent’s payout ratio is presently 227.01%.
About Severn Trent
Severn Trent PLC operates as a water and sewerage company in England and Wales. It operates through two segments: Regulated Water and Waste Water, and Business Services. The Regulated Water and Waste Water segment offers water and waste water services to approximately 4.8 million households and businesses.
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