InterContinental Hotels Group PLC (LON:IHG) Declares Dividend of $1.14

InterContinental Hotels Group PLC (LON:IHG) declared a dividend on Tuesday, February 18th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be given a dividend of $1.14 per share on Thursday, May 15th. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, April 3rd. This is a 115.0% increase from InterContinental Hotels Group’s previous dividend of $0.53. The official announcement can be viewed at this link.

InterContinental Hotels Group Stock Performance

InterContinental Hotels Group stock opened at GBX 8,292 ($107.13) on Tuesday. InterContinental Hotels Group has a twelve month low of GBX 7,032 ($90.85) and a twelve month high of £109.75 ($141.80). The company has a quick ratio of 1.35, a current ratio of 0.85 and a debt-to-equity ratio of -162.30. The company has a market capitalization of £16.62 billion, a P/E ratio of 27.21, a PEG ratio of 1.69 and a beta of 0.98. The stock’s 50 day moving average is GBX 9,732.32 and its 200 day moving average is GBX 9,280.50.

Insider Activity

In other InterContinental Hotels Group news, insider Byron Elmer Grote purchased 400 shares of the company’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of £127.25 ($164.41) per share, for a total transaction of £50,900 ($65,762.27). Insiders own 5.99% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on IHG shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a GBX 7,800 ($100.78) price target on shares of InterContinental Hotels Group in a report on Thursday, February 20th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 95 ($1.23) target price on shares of InterContinental Hotels Group in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 5,898.75 ($76.21).

About InterContinental Hotels Group

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.