M&G plc (LON:MNG) Declares Dividend of GBX 23.50

M&G plc (LON:MNG - Get Free Report) announced a dividend on Wednesday, March 19th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 23.50 ($0.30) per share on Friday, May 9th. This represents a yield of 4.25%. The ex-dividend date is Thursday, March 27th. This is a 256.1% increase from M&G's previous dividend of $6.60. The official announcement can be viewed at this link.

M&G Trading Up 0.2 %

M&G stock traded up GBX 0.50 ($0.01) during trading hours on Friday, reaching GBX 217.50 ($2.81). The stock had a trading volume of 15,931,646 shares, compared to its average volume of 27,324,143. The stock has a market cap of £5.18 billion, a PE ratio of 31.02, a PEG ratio of -2.76 and a beta of 1.47. M&G has a 52 week low of GBX 184 ($2.38) and a 52 week high of GBX 239.90 ($3.10). The company has a debt-to-equity ratio of 218.70, a current ratio of 0.40 and a quick ratio of 0.39. The company has a fifty day simple moving average of GBX 209.97 and a 200-day simple moving average of GBX 204.38.

M&G (LON:MNG - Get Free Report) last announced its quarterly earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.19)) earnings per share (EPS) for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. Analysts forecast that M&G will post 24.2485207 EPS for the current fiscal year.

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Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of M&G from GBX 230 ($2.97) to GBX 225 ($2.91) and set a "hold" rating on the stock in a research note on Monday, February 24th.

About M&G

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world. We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.