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

Impax Asset Management Group Plc (LON:IPX) 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.

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

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.