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

Phoenix Group Holdings plc (LON:PHNX) declared a dividend on Monday, March 17th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of GBX 27.35 ($0.36) per share on Wednesday, May 21st. This represents a dividend yield of 4.66%. The ex-dividend date of this dividend 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 Trading Up 1.0 %

LON PHNX traded up GBX 6 ($0.08) on Tuesday, reaching GBX 586 ($7.61). The company had a trading volume of 822,443,875 shares, compared to its average volume of 24,995,246. The firm has a market cap of £5.86 billion, a price-to-earnings ratio of -11.23, a P/E/G ratio of 1.95 and a beta of 0.73. Phoenix Group has a fifty-two week low of GBX 475 ($6.17) and a fifty-two week high of GBX 586 ($7.61). The business has a 50 day moving average of GBX 510.83 and a two-hundred day moving average of GBX 519.08. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 650 ($8.44) price target on shares of Phoenix Group in a report on Monday, February 17th.

About Phoenix Group

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.