3i Group plc (OTCMKTS:TGOPY – Get Free Report)’s share price was down 1.5% during trading on Wednesday . The stock traded as low as $19.64 and last traded at $19.80. Approximately 57,256 shares changed hands during trading, a decline of 76% from the average daily volume of 240,363 shares. The stock had previously closed at $20.10.
3i Group Trading Up 1.9 %
The firm has a 50-day simple moving average of $18.97 and a 200 day simple moving average of $17.02.
3i Group Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, August 12th. Stockholders of record on Friday, June 21st will be given a $0.1937 dividend. The ex-dividend date is Friday, June 21st. This is a positive change from 3i Group’s previous dividend of $0.14. 3i Group’s payout ratio is currently 27.02%.
About 3i Group
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.
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