Mobility Global, Inc. (NYSE:MBGL) Stock to Pay Quarterly Dividend of $0.06

Mobility Global, Inc. (NYSE:MBGL) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Monday, November 30th will be given a dividend of $0.06 per share on Monday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, November 30th.

Mobility Global Stock Performance

Mobility Global stock traded up $0.58 during mid-day trading on Thursday, hitting $19.10. The company’s stock had a trading volume of 327,138 shares, compared to its average volume of 6,277,421. The company has a 50 day simple moving average of $19.23. The company has a market capitalization of $5.65 billion and a PE ratio of 106.54. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global has a one year low of $16.95 and a one year high of $26.00.

Mobility Global (NYSE:MBGL) last released its earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $468.00 million during the quarter. On average, equities research analysts forecast that Mobility Global will post 1.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MBGL shares. Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Citigroup assumed coverage on shares of Mobility Global in a report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Finally, Royal Bank Of Canada started coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $22.20.

About Mobility Global

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.