Investec plc (INVP) Raises Dividend to GBX 13 Per Share
Investec plc (LON:INVP) declared a dividend on Thursday, May 18th. Shareholders of record on Thursday, July 27th will be paid a dividend of GBX 13 ($0.17) per share on Monday, August 14th. This represents a dividend yield of 2.16%. The ex-dividend date is Thursday, July 27th. This is an increase from Investec plc’s previous dividend of $10.00. The official announcement can be viewed at this link.
Shares of Investec plc (LON:INVP) traded down 0.25% on Thursday, hitting GBX 600.50. 1,897,824 shares of the company’s stock were exchanged. The stock’s market cap is GBX 5.38 billion. The company’s 50-day moving average price is GBX 567.91 and its 200 day moving average price is GBX 555.85. Investec plc has a 12-month low of GBX 387.00 and a 12-month high of GBX 623.00.
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INVP has been the subject of several recent analyst reports. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 589 ($7.60) price objective on shares of Investec plc in a research note on Thursday. HSBC Holdings plc raised their price objective on shares of Investec plc from GBX 580 ($7.49) to GBX 710 ($9.16) and gave the company a “buy” rating in a research note on Tuesday, February 7th.
About Investec plc
Investec plc is a specialist bank and asset manager. The Company provides a range of financial products and services to a client base in various markets, including the United Kingdom and Europe, South Africa, and Asia/Australia. Its segments include Asset Management, Wealth & Investment, and Specialist Banking.
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