Today: The Arbuthnot Banking Group Plc (ARBB) to Issue Dividend Increase – GBX 300 Per Share

The Arbuthnot Banking Group Plc (ARBB) to Issue Dividend Increase – GBX 300 Per Share

Arbuthnot Banking Group Plc (LON:ARBB) declared a dividend on Thursday, October 13th. Stockholders of record on Thursday, October 20th will be paid a dividend of GBX 300 ($3.71) per share on Friday, November 18th. This represents a dividend yield of 18.35%. The ex-dividend date of this dividend is Thursday, October 20th. This is a positive change from Arbuthnot Banking Group Plc’s previous dividend of $13.00. The official announcement can be accessed at this link.

Shares of Arbuthnot Banking Group Plc (LON:ARBB) traded up 3.45% on Thursday, hitting GBX 1634.50. 46,157 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 1,564.33 and a 200 day moving average price of GBX 1,510.71. The firm’s market cap is GBX 240.89 million. Arbuthnot Banking Group Plc has a 52-week low of GBX 1,251.29 and a 52-week high of GBX 1,685.00.

Separately, Numis Securities Ltd boosted their price objective on Arbuthnot Banking Group Plc from GBX 1,631 ($20.19) to GBX 1,835 ($22.71) and gave the company a “buy” rating in a research note on Wednesday, August 3rd.

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