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).
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.
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