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

Impax Asset Management Group Plc (LON:IPX) declared a dividend on Thursday, November 28th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, February 20th will be given a dividend of GBX 22.90 ($0.29) per share on Friday, March 21st. This represents a yield of 7.12%. The ex-dividend date of this dividend 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 0.1 %

IPX stock opened at GBX 334.50 ($4.25) on Friday. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26. Impax Asset Management Group has a 1-year low of GBX 310 ($3.94) and a 1-year high of GBX 575 ($7.30). The stock has a market capitalization of £428.03 million, a P/E ratio of 1,070.26, a P/E/G ratio of 5.05 and a beta of 1.64. The business has a fifty day moving average price of GBX 364.55 and a 200-day moving average price of GBX 392.49.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price target on shares of Impax Asset Management Group from GBX 620 ($7.87) to GBX 560 ($7.11) and set a “buy” rating for the company in a research note on Tuesday, October 8th.

Insider Activity at Impax Asset Management Group

In related news, insider Ian Simm sold 2,600 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of GBX 365 ($4.63), for a total transaction of £9,490 ($12,046.20). 19.34% of the stock is owned by insiders.

Impax Asset Management Group Company Profile

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.