M&G plc (LON:MNG) Raises Dividend to GBX 23.50 Per Share

M&G plc (LON:MNG) declared a dividend on Wednesday, March 19th, Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, March 20th will be paid a dividend of GBX 23.50 ($0.31) per share on Sunday, May 25th. This represents a yield of 4.25%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 256.1% increase from M&G’s previous dividend of $6.60. The official announcement can be seen at this link.

M&G Price Performance

LON:MNG opened at GBX 219.60 ($2.86) on Thursday. M&G has a 52 week low of GBX 184 ($2.39) and a 52 week high of GBX 241.10 ($3.14). The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. The company has a market capitalization of £5.23 billion, a P/E ratio of 31.31, a P/E/G ratio of -2.76 and a beta of 1.47. The stock’s fifty day moving average is GBX 208.99 and its two-hundred day moving average is GBX 204.34.

M&G (LON:MNG) last released its earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) EPS for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. Equities analysts expect that M&G will post 24.2485207 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on M&G from GBX 230 ($2.99) to GBX 225 ($2.93) and set a “hold” rating for the company in a report on Monday, February 24th.

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.