M&G plc (LON:MNG) Increases Dividend to GBX 13.20 Per Share

M&G plc (LON:MNG) announced a dividend on Thursday, March 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, March 28th will be given a dividend of GBX 13.20 ($0.17) per share on Thursday, May 9th. This represents a yield of 5.7%. The ex-dividend date is Thursday, March 28th. This is an increase from M&G’s previous dividend of $6.50. The official announcement can be viewed at this link.

M&G Stock Down 0.6 %

LON:MNG opened at GBX 233.80 ($2.95) on Wednesday. The firm’s 50 day simple moving average is GBX 225.28 and its 200 day simple moving average is GBX 213.53. The company has a debt-to-equity ratio of 202.87, a current ratio of 2.62 and a quick ratio of 0.39. M&G has a one year low of GBX 177.20 ($2.24) and a one year high of GBX 241.10 ($3.05). The company has a market cap of £5.54 billion, a PE ratio of -1,306.11, a P/E/G ratio of -2.76 and a beta of 1.49.

Wall Street Analyst Weigh In

Several research firms have issued reports on MNG. Deutsche Bank Aktiengesellschaft upgraded shares of M&G to a “buy” rating and raised their price target for the stock from GBX 230 ($2.91) to GBX 250 ($3.16) in a report on Wednesday, November 29th. The Goldman Sachs Group began coverage on shares of M&G in a report on Tuesday, November 28th. They set a “buy” rating for the company. Jefferies Financial Group restated a “buy” rating and set a GBX 225 ($2.84) price target on shares of M&G in a report on Tuesday, February 20th. Finally, Barclays restated an “underweight” rating and set a GBX 205 ($2.59) price target on shares of M&G in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, M&G currently has an average rating of “Hold” and a consensus target price of GBX 225.83 ($2.85).

M&G Company Profile

M&G plc, through its subsidiaries, engages in savings and investment businesses in the United Kingdom and internationally. The company operates through Asset Management, and Retail and Savings segments. It offers retirement, savings, and investment management solutions to its retail and institutional customers.