Quilter plc (LON:QLT) Declares Dividend of GBX 3.70

Quilter plc (LON:QLT) announced a dividend on Wednesday, March 6th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 18th will be paid a dividend of GBX 3.70 ($0.05) per share on Tuesday, May 28th. This represents a yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Quilter’s previous dividend of $1.50. The official announcement can be viewed at this link.

Quilter Stock Up 1.2 %

Shares of QLT opened at GBX 101.60 ($1.26) on Wednesday. The company has a market capitalization of £1.41 billion, a PE ratio of 3,346.67, a PEG ratio of 4.18 and a beta of 1.08. Quilter has a 12 month low of GBX 71.20 ($0.89) and a 12 month high of GBX 109.80 ($1.37). The stock’s 50-day moving average price is GBX 102.67 and its two-hundred day moving average price is GBX 96.97. The company has a current ratio of 1.21, a quick ratio of 0.05 and a debt-to-equity ratio of 18.37.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their target price on Quilter from GBX 95 ($1.18) to GBX 105 ($1.31) and gave the stock a “hold” rating in a report on Tuesday, March 12th.

Insider Activity

In other news, insider Mark Satchel sold 41,557 shares of the business’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of GBX 103 ($1.28), for a total value of £42,803.71 ($53,284.84). 5.28% of the stock is owned by company insiders.

Quilter Company Profile

Quilter plc provides advice-led investment solutions in the United Kingdom and internationally. It operates through High Net Worth and Affluent segments. The High Net Worth segment provides discretionary investment management services to high-net worth clients, charities, companies, and institutions through a network of branches; and financial advice services for protection, mortgages, savings, investment, and pensions primarily to high-net-worth clients.