IG Group Holdings plc (IGG) To Go Ex-Dividend on September 21st

IG Group Holdings plc (LON:IGG) announced a dividend on Thursday, July 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 21st will be given a dividend of GBX 31.94 ($0.40) per share on Thursday, October 19th. This represents a dividend yield of 4.61%. The ex-dividend date of this dividend is Thursday, September 21st. This is a boost from IG Group’s previous dividend of $13.26. The official announcement can be seen at this link.

IG Group Price Performance

IG Group stock opened at GBX 678.82 ($8.41) on Tuesday. The stock’s 50 day moving average is GBX 682.45 and its 200 day moving average is GBX 698.41. IG Group has a one year low of GBX 632 ($7.83) and a one year high of GBX 844.50 ($10.46). The firm has a market cap of £2.71 billion, a P/E ratio of 779.65, a P/E/G ratio of -1.44 and a beta of 0.49. The company has a debt-to-equity ratio of 15.80, a current ratio of 2.35 and a quick ratio of 2.40.

Insider Activity at IG Group

In other IG Group news, insider Jon Noble sold 60,348 shares of IG Group stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of GBX 678 ($8.40), for a total value of £409,159.44 ($506,824.53). 5.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price target on shares of IG Group from GBX 1,110 ($13.75) to GBX 980 ($12.14) and set an “overweight” rating for the company in a report on Friday.

About IG Group

IG Group Holdings plc, a fintech company, engages in the online trading business worldwide. The company offers over the counter (OTC) derivatives, which include CFD (Contracts For Difference) that enable traders to take advantage of changes in an asset's price without owning the asset itself, as well as access to a range of risk-mitigation measures, including stops and limits, and negative-balance protection; and OTC FX and options, and spread bets, under IG and IG Prime brands.