Equiniti Group PLC (EQN) Increases Dividend to GBX 2.73 Per Share

Equiniti Group PLC (LON:EQN) announced a dividend on Wednesday, March 7th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 12th will be given a dividend of GBX 2.73 ($0.04) per share on Thursday, May 17th. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, April 12th. This is an increase from Equiniti Group’s previous dividend of $1.75. The official announcement can be viewed at this link.

Shares of Equiniti Group stock traded down GBX 3.50 ($0.05) on Friday, hitting GBX 290 ($4.07). The company’s stock had a trading volume of 768,562 shares, compared to its average volume of 1,310,000. Equiniti Group has a 52-week low of GBX 178.31 ($2.50) and a 52-week high of GBX 330 ($4.63).

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EQN has been the topic of a number of recent research reports. Peel Hunt restated an “add” rating and issued a GBX 293 ($4.11) target price on shares of Equiniti Group in a report on Tuesday, January 23rd. Liberum Capital restated a “buy” rating and issued a GBX 320 ($4.49) target price on shares of Equiniti Group in a report on Thursday, February 1st. Berenberg Bank restated a “buy” rating and issued a GBX 345 ($4.84) target price on shares of Equiniti Group in a report on Wednesday, March 28th. Finally, Credit Suisse Group restated an “underperform” rating and issued a GBX 270 ($3.79) target price on shares of Equiniti Group in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Equiniti Group presently has a consensus rating of “Hold” and a consensus target price of GBX 302.17 ($4.24).

In other Equiniti Group news, insider Guy Wakeley sold 350,000 shares of the company’s stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of GBX 301 ($4.23), for a total value of £1,053,500 ($1,478,804.04).

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About Equiniti Group

Equiniti Group plc provides complex administration and payment services, supported by technology platforms, to a range of organizations. The Company’s segments include Investment Solutions, Intelligent Solutions, Pension Solutions and Interest. The Investment Solutions offers a range of services, including share registration for around half the Financial Times Stock Exchange (FTSE) 100, and the administration of save as you earn (SAYE) schemes and share incentive plans.

Dividend History for Equiniti Group (LON:EQN)

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