XPS Pensions Group plc (LON:XPS) Increases Dividend to GBX 7 Per Share

XPS Pensions Group plc (LON:XPS) declared a dividend on Thursday, June 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 22nd will be given a dividend of GBX 7 ($0.09) per share on Monday, September 23rd. This represents a yield of 2.59%. The ex-dividend date is Thursday, August 22nd. This is a boost from XPS Pensions Group’s previous dividend of $3.00. The official announcement can be seen at this link.

XPS Pensions Group Stock Down 1.6 %

XPS Pensions Group stock opened at GBX 314.73 ($4.09) on Tuesday. The stock has a market cap of £650.47 million, a price-to-earnings ratio of 1,280.00 and a beta of 0.60. The company has a current ratio of 1.27, a quick ratio of 1.51 and a debt-to-equity ratio of 17.51. The company’s 50-day moving average price is GBX 307.66 and its two-hundred day moving average price is GBX 263.63. XPS Pensions Group has a 52 week low of GBX 180 ($2.34) and a 52 week high of GBX 340 ($4.42).

Insider Transactions at XPS Pensions Group

In other news, insider Ben Bramhall sold 160,965 shares of XPS Pensions Group stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of GBX 318 ($4.13), for a total value of £511,868.70 ($665,110.06). Corporate insiders own 6.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised their target price on shares of XPS Pensions Group from GBX 270 ($3.51) to GBX 315 ($4.09) and gave the company an “outperform” rating in a research note on Tuesday, June 11th.

About XPS Pensions Group

XPS Pensions Group plc, together with its subsidiaries, provides employee benefit consultancy and related business services in the United Kingdom. It offers pension advisory; independent consultancy; DB master trust schemes; and self-invested personal pension (SIPP) and SSAS pension services. The company also provides pension administer services, such as payroll, scheme administration, outsourcing, payroll, scheme accounting, and scam identification and protection services, as well as member communication, de-risking projects, GMP equalization, data audits and cleansing, and trustee secretarial services.