Phoenix Group Holdings (PHNX) Announces Dividend Increase – GBX 25.10 Per Share
Phoenix Group Holdings (LON:PHNX) announced a dividend on Thursday, August 24th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 7th will be paid a dividend of GBX 25.10 ($0.33) per share on Monday, October 2nd. This represents a yield of 3.24%. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Phoenix Group Holdings’s previous dividend of $23.90. The official announcement can be seen at this link.
Shares of Phoenix Group Holdings (LON PHNX) remained flat at GBX 775.00 during mid-day trading on Friday. 798,670 shares of the company’s stock were exchanged. The firm’s market capitalization is GBX 3.04 billion. The stock’s 50 day moving average is GBX 767.59 and its 200 day moving average is GBX 764.82. Phoenix Group Holdings has a 1-year low of GBX 691.00 and a 1-year high of GBX 817.48.
In other Phoenix Group Holdings news, insider Stephen Jefford bought 194 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were acquired at an average cost of GBX 771 ($10.01) per share, for a total transaction of £1,495.74 ($1,941.76). Insiders purchased a total of 250 shares of company stock worth $192,908 over the last quarter.
PHNX has been the subject of a number of analyst reports. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 837 ($10.87) target price on shares of Phoenix Group Holdings in a research note on Friday. Shore Capital reissued a “buy” rating on shares of Phoenix Group Holdings in a research note on Thursday. Deutsche Bank AG reissued a “buy” rating and set a GBX 875 ($11.36) target price on shares of Phoenix Group Holdings in a research note on Thursday, June 15th. Numis Securities Ltd reissued a “hold” rating and set a GBX 785 ($10.19) target price on shares of Phoenix Group Holdings in a research note on Tuesday, July 18th. Finally, Barclays PLC reissued an “underweight” rating and set a GBX 673 ($8.74) target price on shares of Phoenix Group Holdings in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of GBX 803 ($10.42).
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About Phoenix Group Holdings
Phoenix Group Holdings is a consolidator of closed life assurance funds specializing in the management and acquisition of closed life and pension funds. The Company’s segment: life assurance (including its management services operations) is referred to as Phoenix Life. It has four operating life companies, which hold policyholder assets and a distribution business, SunLife.
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