InterContinental Hotels Group PLC (IHG) To Go Ex-Dividend on April 4th

InterContinental Hotels Group PLC (NYSE:IHGGet Free Report) declared a semi-annual dividend on Friday, March 15th, Wall Street Journal reports. Shareholders of record on Friday, April 5th will be paid a dividend of 1.04 per share on Tuesday, May 14th. This represents a yield of 1.4%. The ex-dividend date is Thursday, April 4th. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.48.

InterContinental Hotels Group has increased its dividend by an average of 18.5% per year over the last three years. InterContinental Hotels Group has a payout ratio of 20.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect InterContinental Hotels Group to earn $4.63 per share next year, which means the company should continue to be able to cover its $0.97 annual dividend with an expected future payout ratio of 21.0%.

InterContinental Hotels Group Price Performance

Shares of IHG opened at $104.92 on Tuesday. The stock has a 50 day simple moving average of $102.61 and a 200-day simple moving average of $88.59. InterContinental Hotels Group has a 1 year low of $65.22 and a 1 year high of $112.08.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IHG shares. StockNews.com lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Societe Generale cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Sanford C. Bernstein lowered shares of InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Finally, Jefferies Financial Group lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Read Our Latest Analysis on IHG

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new position in InterContinental Hotels Group in the 1st quarter valued at $82,000. Captrust Financial Advisors lifted its position in InterContinental Hotels Group by 22.0% during the 1st quarter. Captrust Financial Advisors now owns 1,211 shares of the company’s stock valued at $83,000 after purchasing an additional 218 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of InterContinental Hotels Group by 1,100.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,764 shares of the company’s stock valued at $132,000 after purchasing an additional 1,617 shares during the last quarter. Corient Private Wealth LLC acquired a new stake in shares of InterContinental Hotels Group during the 4th quarter worth approximately $200,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of InterContinental Hotels Group during the third quarter worth approximately $186,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Company Profile

(Get Free Report)

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.

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Dividend History for InterContinental Hotels Group (NYSE:IHG)

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