Impax Asset Management Group (LON:IPX) Sets New 12-Month High After Dividend Announcement

Shares of Impax Asset Management Group Plc (LON:IPX) hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as GBX 306 ($4.00) and last traded at GBX 298 ($3.89), with a volume of 88325 shares. The stock had previously closed at GBX 298 ($3.89).

The newly announced dividend which will be paid on Friday, March 27th. Investors of record on Thursday, February 20th will be paid a GBX 4 ($0.05) dividend. This is a positive change from Impax Asset Management Group’s previous dividend of $1.50. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, February 20th. Impax Asset Management Group’s payout ratio is currently 0.34%.

Separately, Peel Hunt reissued a “buy” rating and set a GBX 330 ($4.31) target price (up previously from GBX 290 ($3.79)) on shares of Impax Asset Management Group in a research report on Monday.

The stock’s 50-day moving average price is GBX 271.47 and its 200-day moving average price is GBX 258.23. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 11.92. The stock has a market cap of $389.94 million and a price-to-earnings ratio of 25.78.

Impax Asset Management Group Company Profile (LON:IPX)

Impax Asset Management Group plc, through its subsidiaries, provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.

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