Close Brothers Group plc to Issue Dividend of $1.63 (OTCMKTS:CBGPY)

Close Brothers Group plc (OTCMKTS:CBGPY) declared a dividend on Saturday, October 2nd, investing.com reports. Stockholders of record on Friday, October 15th will be paid a dividend of 1.6292 per share on Wednesday, December 8th. This represents a dividend yield of 3.85%. The ex-dividend date of this dividend is Thursday, October 14th.

Shares of OTCMKTS:CBGPY opened at $42.83 on Wednesday. The stock’s 50-day moving average price is $43.83 and its 200-day moving average price is $44.88. Close Brothers Group has a 12-month low of $26.41 and a 12-month high of $53.10.

CBGPY has been the topic of several recent analyst reports. UBS Group reissued a “neutral” rating on shares of Close Brothers Group in a research note on Monday, October 4th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Close Brothers Group in a research note on Wednesday, September 29th. Finally, Royal Bank of Canada cut Close Brothers Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, October 6th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Close Brothers Group Company Profile

Close Brothers Group Plc operates as a merchant banking group, which provides lending, deposit taking, securities trading and wealth management services. It operates through the following segments: Retail Finance, Commercial Finance, Property Finance, Securities, and Asset Management. The Retail Finance segment provides loans to predominantly retail customers, through a network of intermediaries.

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