Impax Asset Management Group Plc (LON:IPX) Plans Dividend Increase – GBX 22.90 Per Share

Impax Asset Management Group Plc (LON:IPXGet Free Report) announced a dividend on Thursday, November 28th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, February 20th will be paid a dividend of GBX 22.90 ($0.29) per share on Friday, March 21st. This represents a dividend yield of 7.12%. The ex-dividend date is Thursday, February 20th. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. The official announcement can be viewed at this link.

Impax Asset Management Group Stock Up 5.8 %

Shares of LON IPX opened at GBX 340 ($4.31) on Thursday. Impax Asset Management Group has a 52-week low of GBX 310 ($3.93) and a 52-week high of GBX 575 ($7.29). The company has a debt-to-equity ratio of 6.93, a quick ratio of 2.26 and a current ratio of 3.59. The stock has a market cap of £435.06 million, a P/E ratio of 1,042.13, a P/E/G ratio of 5.05 and a beta of 1.64. The firm has a 50 day moving average price of GBX 365.28 and a 200 day moving average price of GBX 392.90.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their price objective on shares of Impax Asset Management Group from GBX 620 ($7.86) to GBX 560 ($7.10) and set a “buy” rating for the company in a research report on Tuesday, October 8th.

Check Out Our Latest Report on IPX

Insider Activity at Impax Asset Management Group

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.63), for a total transaction of £9,490 ($12,030.93). 19.34% of the stock is owned by insiders.

About Impax Asset Management Group

(Get Free Report)

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.

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Dividend History for Impax Asset Management Group (LON:IPX)

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