Paragon Banking Group PLC (LON:PAG) Declares Dividend Increase – GBX 27.20 Per Share

Paragon Banking Group PLC (LON:PAG) declared a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Stockholders of record on Wednesday, February 5th will be paid a dividend of GBX 27.20 ($0.34) per share on Friday, March 7th. This represents a dividend yield of 3.64%. The ex-dividend date is Wednesday, February 5th. This is an increase from Paragon Banking Group’s previous dividend of $13.20. The official announcement can be viewed at this link.

Paragon Banking Group Stock Performance

Shares of LON:PAG opened at GBX 796 ($10.09) on Wednesday. The company’s 50 day simple moving average is GBX 737.92 and its 200 day simple moving average is GBX 750.83. The stock has a market capitalization of £1.62 billion, a price-to-earnings ratio of 1,217.42, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. The company has a debt-to-equity ratio of 168.79, a current ratio of 1.21 and a quick ratio of 1.48. Paragon Banking Group has a 1 year low of GBX 481.40 ($6.10) and a 1 year high of GBX 868 ($11.00).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a research note on Wednesday.

Insiders Place Their Bets

In other Paragon Banking Group news, insider Nigel S. Terrington purchased 3,248 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were bought at an average cost of GBX 774 ($9.81) per share, for a total transaction of £25,139.52 ($31,854.43). 3.59% of the stock is currently owned by insiders.

Paragon Banking Group Company Profile

Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.