IFG Group PLC (IFP) Announces Dividend Increase – GBX 3.35 Per Share

IFG Group PLC (LON:IFP) declared a dividend on Thursday, March 23rd, Upcoming.Co.Uk reports. Investors of record on Thursday, May 25th will be given a dividend of GBX 3.35 ($0.04) per share by the financial services provider on Tuesday, June 20th. This represents a yield of 2.21%. The ex-dividend date is Thursday, May 25th. This is a positive change from IFG Group PLC’s previous dividend of $3.00. The official announcement can be accessed at this link.

Shares of IFG Group PLC (IFP) traded up 1.457% on Friday, reaching GBX 165.375. The company’s stock had a trading volume of 1,650 shares. IFG Group PLC has a 1-year low of GBX 126.94 and a 1-year high of GBX 188.00. The stock’s market cap is GBX 174.31 million. The company’s 50 day moving average is GBX 152.67 and its 200-day moving average is GBX 149.63.

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IFP has been the topic of a number of research reports. Macquarie restated a “neutral” rating and issued a GBX 135 ($1.72) price target on shares of IFG Group PLC in a report on Wednesday, May 10th. Shore Capital restated a “buy” rating on shares of IFG Group PLC in a report on Tuesday, May 9th. Finally, N+1 Singer restated a “not rated” rating on shares of IFG Group PLC in a report on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of GBX 170.50 ($2.17).

IFG Group PLC Company Profile

IFG Group plc is an Ireland-based financial services company. The Company provides a range of financial solutions, including full platform services, pension administration and independent financial advice. The Company is engaged in the intermediation and administration of financial service products. The Company is organized into two segments: Platform business, James Hay Partnership, and its Independent wealth management business, Saunderson House.

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