Phoenix Group Holdings plc (LON:PHNX) Increases Dividend to GBX 27.35 Per Share

Phoenix Group Holdings plc (LON:PHNX) declared a dividend on Monday, March 17th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be given a dividend of GBX 27.35 ($0.35) per share on Wednesday, May 21st. This represents a yield of 4.66%. The ex-dividend date is Thursday, April 3rd. This is a 2.6% increase from Phoenix Group’s previous dividend of $26.65. The official announcement can be viewed at this link.

Phoenix Group Stock Up 0.8 %

LON PHNX opened at GBX 576 ($7.44) on Tuesday. The stock has a 50 day moving average price of GBX 527.43 and a 200-day moving average price of GBX 519.82. Phoenix Group has a one year low of GBX 475 ($6.14) and a one year high of GBX 590 ($7.62). The company has a market capitalization of £5.76 billion, a P/E ratio of -11.04, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group (LON:PHNX) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, equities analysts predict that Phoenix Group will post 51.179941 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on PHNX. JPMorgan Chase & Co. lifted their price objective on shares of Phoenix Group from GBX 500 ($6.46) to GBX 565 ($7.30) and gave the company an “underweight” rating in a report on Friday. Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.40) price target on shares of Phoenix Group in a report on Monday, February 17th.

Insider Buying and Selling

In other news, insider Andrew Briggs sold 151,586 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.52), for a total transaction of £882,230.52 ($1,139,832.71). 14.96% of the stock is currently owned by company insiders.

Phoenix Group Company Profile

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.