IG Group Holdings plc (LON:IGG) Declares Dividend Increase – GBX 32.64 Per Share

Posted by Andrew Walz on Jul 25th, 2024

IG Group Holdings plc (LON:IGG – Get Free Report) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 19th will be paid a dividend of GBX 32.64 ($0.42) per share on Thursday, October 17th. This represents a dividend yield of 3.86%. The ex-dividend date is Thursday, September 19th. This is a positive change from IG Group’s previous dividend of $13.56. The official announcement can be accessed at this link.

IG Group Trading Up 3.4 %

Shares of IG Group stock opened at GBX 874 ($11.30) on Thursday. The stock has a market capitalization of £3.26 billion, a P/E ratio of 1,177.70, a price-to-earnings-growth ratio of -1.44 and a beta of 0.52. The company has a quick ratio of 2.40, a current ratio of 2.25 and a debt-to-equity ratio of 17.18. The company has a 50-day simple moving average of GBX 818.39 and a 200 day simple moving average of GBX 760.45. IG Group has a 12-month low of GBX 600.50 ($7.77) and a 12-month high of GBX 881.50 ($11.40).

Analysts Set New Price Targets

IGG has been the topic of several recent research reports. Royal Bank of Canada raised their target price on shares of IG Group from GBX 950 ($12.29) to GBX 1,000 ($12.93) and gave the company an “outperform” rating in a research note on Friday, May 31st. Shore Capital reaffirmed a “buy” rating on shares of IG Group in a research note on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 940.50 ($12.16).

Check Out Our Latest Stock Report on IG Group

IG Group Company Profile

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IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.