Phoenix Group Holdings (LON:PHNX) to Issue Dividend of GBX 23.40

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Phoenix Group Holdings (LON:PHNX) declared a dividend on Wednesday, August 7th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be given a dividend of GBX 23.40 ($0.31) per share on Monday, September 30th. This represents a yield of 3.47%. The ex-dividend date is Thursday, August 15th. The official announcement can be seen at this link.

Shares of PHNX stock opened at GBX 692.80 ($9.05) on Wednesday. The company’s 50-day moving average price is GBX 704.17. Phoenix Group has a 12 month low of GBX 537.50 ($7.02) and a 12 month high of GBX 735.20 ($9.61). The firm has a market capitalization of $4.96 billion and a price-to-earnings ratio of 11.90. The company has a quick ratio of 0.09, a current ratio of 0.19 and a debt-to-equity ratio of 38.77.

Phoenix Group (LON:PHNX) last announced its quarterly earnings results on Wednesday, August 7th. The company reported GBX 3.70 ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 11.70 ($0.15) by GBX (8) (($0.10)). As a group, analysts forecast that Phoenix Group will post 2654.9998897 EPS for the current year.

PHNX has been the topic of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a GBX 820 ($10.71) price target on shares of Phoenix Group in a research note on Friday, August 9th. Deutsche Bank reissued a “hold” rating on shares of Phoenix Group in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of GBX 787.20 ($10.29).

In related news, insider Jim McConville sold 34,514 shares of Phoenix Group stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of GBX 696 ($9.09), for a total value of £240,217.44 ($313,886.63). Also, insider Clive Bannister sold 24,878 shares of Phoenix Group stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 668 ($8.73), for a total value of £166,185.04 ($217,150.19).

About Phoenix Group

Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.

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Dividend History for Phoenix Group (LON:PHNX)

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