Admiral Group (LON:ADM) Hits New 1-Year High After Dividend Announcement

Shares of Admiral Group plc (LON:ADM) reached a new 52-week high during trading on Friday following a dividend announcement from the company. The company traded as high as GBX 3,143 ($40.13) and last traded at GBX 2,993 ($38.22), with a volume of 1755063 shares changing hands. The stock had previously closed at GBX 2,810 ($35.88).

The newly announced dividend which will be paid on Friday, October 4th. Investors of record on Thursday, September 5th will be paid a GBX 71 ($0.91) dividend. The ex-dividend date of this dividend is Thursday, September 5th. This is an increase from Admiral Group’s previous dividend of $52.00. This represents a yield of 2.53%. Admiral Group’s payout ratio is 6,576.58%.

Admiral Group Stock Performance

The stock’s 50-day simple moving average is GBX 2,638.04 and its 200-day simple moving average is GBX 2,664.72. The stock has a market cap of £8.77 billion, a price-to-earnings ratio of 2,666.67, a price-to-earnings-growth ratio of 1.83 and a beta of 0.17. The company has a current ratio of 16.08, a quick ratio of 0.42 and a debt-to-equity ratio of 121.98.

About Admiral Group

Admiral Group plc, a financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States. It operates through four segments: UK Insurance, International Insurance, Admiral Money, and Other. The company offers underwriting services, which includes motor, household, pet, travel, and other insurance, as well as car and home insurance; and unsecured personal loans and car finance products.