Intercontinental Hotels Group (LON:IHG) insider Patrick Cescau bought 3,780 shares of the stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of GBX 2,648 ($34.83) per share, with a total value of £100,094.40 ($131,668.51).
Shares of IHG opened at GBX 3,430 ($45.12) on Friday. The business’s 50 day moving average price is GBX 4,123.62 and its 200-day moving average price is GBX 4,709.04. Intercontinental Hotels Group has a 52 week low of GBX 2,161 ($28.43) and a 52 week high of GBX 5,770 ($75.90). The stock has a market cap of $6.24 billion and a P/E ratio of 16.40.
The business also recently declared a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Thursday, April 2nd will be given a $0.86 dividend. This is a boost from Intercontinental Hotels Group’s previous dividend of $0.40. This represents a dividend yield of 1.37%. The ex-dividend date is Thursday, April 2nd. Intercontinental Hotels Group’s payout ratio is currently 0.47%.
About Intercontinental Hotels Group
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, KIMPTON, Hotel Indigo, EVEN HOTELS, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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