IWG plc (LON:IWG) Declares Dividend of $0.01

IWG plc (LON:IWG) declared a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of $0.01 per share on Friday, May 30th. This represents a yield of 0.39%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 109.3% increase from IWG’s previous dividend of $0.0043. The official announcement can be seen at this link.

IWG Price Performance

IWG stock opened at GBX 180.20 ($2.42) on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31. The company has a fifty day simple moving average of GBX 179.02 and a 200-day simple moving average of GBX 171.33. The stock has a market cap of £1.81 billion, a P/E ratio of -13.40, a price-to-earnings-growth ratio of -5.59 and a beta of 2.10. IWG has a 12-month low of GBX 146 ($1.96) and a 12-month high of GBX 211 ($2.83).

IWG announced that its Board of Directors has initiated a share buyback program on Tuesday, March 4th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase up to 2.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About IWG

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.