Mony Group Plc (LON:MONY) Plans Dividend Increase – GBX 9.20 Per Share

Mony Group Plc (LON:MONY) declared a dividend on Monday, February 17th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be paid a dividend of GBX 9.20 ($0.12) per share on Friday, May 16th. This represents a dividend yield of 4.45%. The ex-dividend date is Thursday, April 10th. This is a 178.8% increase from Mony Group’s previous dividend of $3.30. The official announcement can be viewed at this link.

Mony Group Price Performance

MONY opened at GBX 188.20 ($2.40) on Tuesday. Mony Group has a 12-month low of GBX 174 ($2.21) and a 12-month high of GBX 242.20 ($3.08). The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 32.86. The firm has a market capitalization of £1.00 billion, a P/E ratio of 13.17, a PEG ratio of 1.20 and a beta of 0.67. The stock has a fifty day moving average of GBX 197.03 and a 200-day moving average of GBX 196.38.

Mony Group (LON:MONY) last announced its quarterly earnings data on Monday, February 17th. The company reported GBX 17.10 ($0.22) EPS for the quarter. Mony Group had a return on equity of 34.74% and a net margin of 17.25%. Equities analysts forecast that Mony Group will post 19.1090909 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Mony Group from GBX 290 ($3.69) to GBX 300 ($3.82) and gave the stock a “buy” rating in a report on Monday, February 17th.

Insiders Place Their Bets

In related news, insider Rakesh Sharma bought 5,030 shares of Mony Group stock in a transaction that occurred on Monday, February 17th. The stock was purchased at an average cost of GBX 199 ($2.53) per share, for a total transaction of £10,009.70 ($12,741.47). Also, insider Peter Duffy sold 53,668 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of GBX 202 ($2.57), for a total value of £108,409.36 ($137,995.62). Insiders acquired 5,184 shares of company stock valued at $1,030,918 over the last ninety days. Corporate insiders own 9.15% of the company’s stock.

Mony Group Company Profile

MONY Group PLC is an established member of the FTSE 250 index. The Group operates a tech-led savings platform and leading UK brands including price comparison sites (MoneySuperMarket), cashback (Quidco) and a consumer finance content led brand (MoneySavingExpert). We cover a broad range of verticals including Insurance, Money, Home Services and Travel amongst others.