IP Group Plc (LON:IPO) Announces Dividend of GBX 0.72

IP Group Plc (LON:IPOGet Rating) announced a dividend on Wednesday, March 16th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 26th will be paid a dividend of GBX 0.72 ($0.01) per share on Thursday, June 30th. This represents a yield of 0.81%. The ex-dividend date is Thursday, May 26th. This is an increase from IP Group’s previous dividend of $0.48. The official announcement can be viewed at this link.

Shares of LON:IPO opened at GBX 82.91 ($1.04) on Tuesday. The business has a 50 day moving average price of GBX 87.63 and a 200 day moving average price of GBX 100.47. IP Group has a twelve month low of GBX 73.70 ($0.93) and a twelve month high of GBX 156.20 ($1.97). The company has a market cap of £857.32 million and a price-to-earnings ratio of 2.01. The company has a quick ratio of 9.92, a current ratio of 9.97 and a debt-to-equity ratio of 4.13.

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 162 ($2.04) price target on shares of IP Group in a report on Tuesday, March 29th.

In other IP Group news, insider David Baynes sold 34,135 shares of the company’s stock in a transaction that occurred on Monday, April 25th. The stock was sold at an average price of GBX 85 ($1.07), for a total value of £29,014.75 ($36,510.32).

IP Group Company Profile (Get Rating)

IP Group Plc is a private equity and venture capital firm specializing in seed, early stage, start-up, incubation, growth capital, and mature financing. The firm also provides seed capital financing to spin out companies from the universities. It seeks to invest in the life sciences, physical sciences, energy & renewables, medical equipment and supplies, healthcare, technology, cleantech, intellectual property, pharmaceuticals & biotechnology, information technology & communications, and chemicals & materials.

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