Close Brothers Group plc (LON:CBG) Announces Dividend Increase – GBX 42 Per Share

Close Brothers Group plc (LON:CBG) announced a dividend on Tuesday, September 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 14th will be paid a dividend of GBX 42 ($0.55) per share on Tuesday, November 23rd. This represents a yield of 2.72%. The ex-dividend date of this dividend is Thursday, October 14th. This is a positive change from Close Brothers Group’s previous dividend of $18.00. The official announcement can be accessed at this link.

LON:CBG traded down GBX 31 ($0.41) during trading hours on Tuesday, hitting GBX 1,544 ($20.17). The company had a trading volume of 277,134 shares, compared to its average volume of 200,024. The company has a market cap of £2.33 billion and a P/E ratio of 21.42. Close Brothers Group has a 1 year low of GBX 995 ($13.00) and a 1 year high of GBX 1,702 ($22.24). The company has a 50-day moving average of GBX 1,551.15 and a 200 day moving average of GBX 1,571.83.

CBG has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 1,800 ($23.52) price target on shares of Close Brothers Group in a report on Friday, July 23rd. Numis Securities reiterated an “add” rating and set a GBX 1,828 ($23.88) price target on shares of Close Brothers Group in a report on Wednesday, June 16th.

About Close Brothers Group

Close Brothers Group plc, a merchant banking company, provides financial services to small businesses and individuals in the United Kingdom. It operates through five segments: Commercial, Retail, Property, Asset Management, and Securities. The company offers various deposit products, including fixed term deposits and notice accounts.

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Dividend History for Close Brothers Group (LON:CBG)

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