3i Group plc (LON:III) declared a dividend on Thursday, May 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, June 13th will be paid a dividend of GBX 20 ($0.26) per share on Friday, July 19th. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from 3i Group’s previous dividend of $15.00. The official announcement can be seen at this link.
The company has a debt-to-equity ratio of 7.62, a quick ratio of 7.81 and a current ratio of 8.01. 3i Group has a 52 week low of GBX 7.44 ($0.10) and a 52 week high of GBX 1,093.50 ($14.29). The company has a market cap of $10.03 billion and a PE ratio of 6.66.
Separately, Numis Securities reissued a “buy” rating on shares of 3i Group in a research note on Thursday.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2019/05/16/3i-group-plc-iii-raises-dividend-to-gbx-20-per-share.html.
3i Group Company Profile
3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.
Further Reading: What are CEFs?
Receive News & Ratings for 3i Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3i Group and related companies with MarketBeat.com's FREE daily email newsletter.