Impax Asset Management Group Plc (LON:IPX) Raises Dividend to GBX 22.90 Per Share

Impax Asset Management Group Plc (LON:IPX) announced a dividend on Thursday, November 28th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, February 20th will be paid a dividend of GBX 22.90 ($0.29) per share on Friday, March 21st. This represents a yield of 7.12%. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Impax Asset Management Group’s previous dividend of $4.70. The official announcement can be viewed at this link.

Impax Asset Management Group Stock Performance

Shares of LON:IPX opened at GBX 333.50 ($4.25) on Friday. The firm has a market capitalization of £426.75 million, a PE ratio of 1,075.81, a P/E/G ratio of 5.05 and a beta of 1.64. The company has a debt-to-equity ratio of 6.93, a current ratio of 3.59 and a quick ratio of 2.26. The business has a 50-day moving average of GBX 363.59 and a two-hundred day moving average of GBX 392.09. Impax Asset Management Group has a 12 month low of GBX 310 ($3.95) and a 12 month high of GBX 575 ($7.32).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lowered their target price on Impax Asset Management Group from GBX 620 ($7.90) to GBX 560 ($7.13) and set a “buy” rating for the company in a research note on Tuesday, October 8th.

Insider Activity

In other Impax Asset Management Group news, insider Ian Simm sold 2,600 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of GBX 365 ($4.65), for a total transaction of £9,490 ($12,087.63). Insiders own 19.34% of the company’s stock.

About Impax Asset Management Group

Impax Asset Management Group plc is a publicly owned investment manager. Through its subsidiaries, it provides investment services to funds specializing in the environmental markets sector, with a focus on alternative energy, water, and waste sectors, primarily in the United Kingdom. It manages a range of funds and segregated accounts on behalf of institutional and private investors.