Phoenix Group Holdings (LON:PHNX) Declares GBX 23.40 Dividend

Phoenix Group Holdings (LON:PHNX) announced a dividend on Wednesday, August 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 23.40 ($0.31) per share on Monday, September 30th. This represents a yield of 3.47%. The ex-dividend date of this dividend is Thursday, August 15th. The official announcement can be seen at this link.

Shares of LON:PHNX traded up GBX 15 ($0.20) on Wednesday, hitting GBX 671.50 ($8.77). The company had a trading volume of 964,110 shares, compared to its average volume of 1,360,000. The stock’s 50-day moving average is GBX 703.51. Phoenix Group has a 1 year low of GBX 537.50 ($7.02) and a 1 year high of GBX 735.20 ($9.61). The company has a quick ratio of 0.04, a current ratio of 0.17 and a debt-to-equity ratio of 48.43. The company has a market cap of $4.74 billion and a price-to-earnings ratio of 10.08.

Several equities research analysts have recently commented on PHNX shares. Deutsche Bank reaffirmed a “hold” rating on shares of Phoenix Group in a research report on Friday, July 12th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Phoenix Group in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 779 ($10.18).

In related news, insider Jim McConville sold 34,514 shares of Phoenix Group stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of GBX 696 ($9.09), for a total transaction of £240,217.44 ($313,886.63). Also, insider Clive Bannister sold 24,878 shares of Phoenix Group stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of GBX 668 ($8.73), for a total transaction of £166,185.04 ($217,150.19).

About Phoenix Group

Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.

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Dividend History for Phoenix Group (LON:PHNX)

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