Phoenix Group Holdings plc (LON:PHNX) to Issue Dividend of GBX 27.35

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be paid 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 accessed at this link.

Phoenix Group Stock Performance

Phoenix Group stock traded down GBX 1 ($0.01) on Friday, hitting GBX 576.50 ($7.44). The company's stock had a trading volume of 8,615,854 shares, compared to its average volume of 9,765,141. The firm has a market cap of £5.76 billion, a P/E ratio of -11.05, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The company has a fifty day moving average price of GBX 517.95 and a 200-day moving average price of GBX 519.83. Phoenix Group has a one year low of GBX 475 ($6.13) and a one year high of GBX 590 ($7.62).

Phoenix Group (LON:PHNX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. On average, equities analysts anticipate that Phoenix Group will post 51.179941 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 650 ($8.39) target price on shares of Phoenix Group in a report on Monday, February 17th.

Insider Buying and Selling at Phoenix Group

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.51), for a total transaction of £882,230.52 ($1,139,096.86). Corporate insiders own 14.96% of the company's stock.

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.