Investec Group (OTCMKTS:ITCFY – Get Free Report)’s share price dropped 2.5% during trading on Monday . The stock traded as low as $16.28 and last traded at $16.28. Approximately 2 shares changed hands during trading, a decline of 99% from the average daily volume of 167 shares. The stock had previously closed at $16.70.
Investec Group Price Performance
The stock’s 50-day moving average price is $16.67 and its two-hundred day moving average price is $16.14.
Investec Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Investors of record on Friday, December 13th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Investec Group’s previous dividend of $0.34. Investec Group’s payout ratio is presently 6.32%.
About Investec Group
Investec Group provides various financial products and services in the United Kingdom, South Africa, and internationally. The company offers wealth and investment products and services, including portfolio management, wealth management, fund management, and custody related services; discretionary wealth management, financial planning, stockbroking, and investment advisory services for private clients, charities, and trusts.
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