The Sage Group plc (SGE) Increases Dividend to GBX 10.20 Per Share

The Sage Group plc (LON:SGE) declared a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, February 8th will be given a dividend of GBX 10.20 ($0.14) per share on Friday, March 2nd. This represents a yield of 1.27%. The ex-dividend date is Thursday, February 8th. This is a boost from The Sage Group’s previous dividend of $5.22. The official announcement can be seen at this link.

The Sage Group (LON SGE) traded down GBX 14.80 ($0.21) during trading on Friday, reaching GBX 738.20 ($10.37). The company had a trading volume of 4,175,914 shares, compared to its average volume of 2,680,000. The Sage Group has a fifty-two week low of GBX 611 ($8.58) and a fifty-two week high of GBX 825.20 ($11.59). The stock has a market capitalization of $8,050.00 and a P/E ratio of 3,075.83.

Several equities analysts recently commented on SGE shares. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 700 ($9.83) price objective on shares of The Sage Group in a research note on Tuesday, October 10th. Barclays reiterated an “equal weight” rating on shares of The Sage Group in a research note on Thursday, October 12th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 850 ($11.94) price objective on shares of The Sage Group in a research note on Thursday, November 16th. Deutsche Bank upped their price objective on The Sage Group from GBX 700 ($9.83) to GBX 740 ($10.39) and gave the company a “hold” rating in a research note on Friday, November 17th. Finally, Jefferies Group upped their price objective on The Sage Group from GBX 770 ($10.81) to GBX 880 ($12.36) and gave the company a “buy” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The Sage Group presently has an average rating of “Hold” and an average price target of GBX 780.33 ($10.96).

In other The Sage Group news, insider Steve Hare sold 88,880 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of GBX 759 ($10.66), for a total transaction of £674,599.20 ($947,337.73).

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About The Sage Group

The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.

Dividend History for The Sage Group (LON:SGE)

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