IG Group Holdings plc (LON:IGG) Increases Dividend to GBX 22.88 Per Share
IG Group Holdings plc (LON:IGG) announced a dividend on Tuesday, July 18th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 28th will be paid a dividend of GBX 22.88 ($0.30) per share on Friday, October 27th. This represents a yield of 3.54%. The ex-dividend date is Thursday, September 28th. This is a boost from IG Group Holdings plc’s previous dividend of $9.42. The official announcement can be seen at this link.
Shares of IG Group Holdings plc (LON IGG) traded up 16.40% during mid-day trading on Tuesday, reaching GBX 646.00. The company’s stock had a trading volume of 2,934,434 shares. IG Group Holdings plc has a 52-week low of GBX 441.70 and a 52-week high of GBX 967.64. The company’s market cap is GBX 2.37 billion. The company has a 50-day moving average price of GBX 569.10 and a 200 day moving average price of GBX 531.91.
A number of equities research analysts have weighed in on the company. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 598 ($7.81) target price on shares of IG Group Holdings plc in a research report on Tuesday. Shore Capital reissued a “hold” rating on shares of IG Group Holdings plc in a research report on Tuesday. Finally, Liberum Capital reissued an “under review” rating on shares of IG Group Holdings plc in a research report on Wednesday, May 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 716.20 ($9.35).
About IG Group Holdings plc
IG Group Holdings plc is a United Kingdom-based company, which is engaged in online trading. The Company provides contracts for difference (CFDs) in over 17 countries globally. The Company’s segments include UK, Australia, Europe and Rest of World. The UK segment consists of its operations in the United Kingdom and Ireland, and derives its revenue from financial spread bets, CFDs, binary options and execution only stockbroking.
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