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

Impax Asset Management Group Plc (LON:IPXGet Free Report) 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.

View Our Latest Analysis on IPX

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

(Get Free Report)

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.

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Dividend History for Impax Asset Management Group (LON:IPX)

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