Phoenix Group Holdings plc (PHNX) to Issue Dividend of GBX 27.35 on May 21st

Phoenix Group Holdings plc (LON:PHNX) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be paid a dividend of GBX 27.35 ($0.35) per share on Wednesday, May 21st. This represents a dividend yield of 4.66%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 2.6% increase from Phoenix Group’s previous dividend of $26.65. The official announcement can be viewed at this link.

Phoenix Group Stock Up 0.8 %

PHNX opened at GBX 576 ($7.44) on Tuesday. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. Phoenix Group has a twelve month low of GBX 475 ($6.14) and a twelve month high of GBX 590 ($7.62). The stock has a market capitalization of £5.76 billion, a price-to-earnings ratio of -11.04, a PEG ratio of 1.95 and a beta of 0.73. The firm has a 50 day moving average price of GBX 527.43 and a 200-day moving average price of GBX 519.82.

Phoenix Group (LON:PHNX) last released its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Equities research analysts forecast that Phoenix Group will post 51.179941 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Phoenix Group from GBX 500 ($6.46) to GBX 565 ($7.30) and gave the stock an “underweight” rating in a research report on Friday. Berenberg Bank reiterated a “buy” rating and set a GBX 650 ($8.40) target price on shares of Phoenix Group in a research report on Monday, February 17th.

Insider Buying and Selling

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.52), for a total value of £882,230.52 ($1,139,832.71). 14.96% of the stock is currently owned by company insiders.

Phoenix Group Company Profile

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.