|Bid||83.45 x 1200|
|Ask||91.21 x 800|
|Day's Range||83.33 - 84.91|
|52 Week Range||24.69 - 90.70|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||28.99|
|Forward Dividend & Yield||1.32 (1.56%)|
|Ex-Dividend Date||Feb 26, 2021|
|1y Target Est||N/A|
U.S. property data and analytics company CoreLogic Inc has asked peer CoStar Group Inc for more assurances that it can complete their combination should it attract antitrust scrutiny, people familiar with the matter said. CoStar unveiled a $6.9 billion all-stock bid for CoreLogic earlier this month, after the latter agreed to sell itself to a private equity consortium of Stone Point Capital and Insight Partners for about $6 billion. CoreLogic has informed CoStar it would be willing to declare its bid superior and abandon its deal with the private equity firms if CoStar provides more certainty that the transaction will be completed expeditiously, the sources said.
The past year has been one for the ages for some of the companies in the real estate business, and it's been an active period for mergers and acquisitions (M&A). CoreLogic is the subject of a bidding war, and Intercontinental Exchange (NYSE: ICE) just purchased service provider Ellie Mae from a private equity fund. CoreLogic was the subject of bear hug tactics over the summer, led by Cannae Holdings and Senator, an activist hedge fund.
CoreLogic (NYSE:CLGX) declared a dividend payable on March 15, 2021 to its shareholders as of January 29, 2021. It was also announced that shareholders of CoreLogic's stock as of March 1, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for CoreLogic will be on February 26, 2021. The company's current dividend payout is at $0.33. That equates to a dividend yield of 1.76% at current price levels. The Significance Of Ex-Dividend Dates An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis. Understanding CoreLogic's Dividend History Over the past year, CoreLogic has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on January 9, 2020 the company's payout was $0.22, which has since grown by $0.11. CoreLogic's dividend yield last year was 2.14%, which has since decreased by 0.38%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market. Click here to find details on CoreLogic's previous dividends. See more from BenzingaClick here for options trades from BenzingaEarnings Preview for Builders FirstSourceEarnings Preview for Strategic Education© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.