Ithaca Energy (LON:ITH) Sets New 12-Month High Following Dividend Announcement

Ithaca Energy plc (LON:ITH)’s stock price hit a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as GBX 152.40 ($1.97) and last traded at GBX 151.60 ($1.96), with a volume of 1404737 shares trading hands. The stock had previously closed at GBX 142.20 ($1.84).

The newly announced dividend which will be paid on Monday, April 14th. Investors of record on Thursday, April 10th will be given a $0.12 dividend. This represents a yield of 6.56%. The ex-dividend date is Thursday, April 10th. Ithaca Energy’s dividend payout ratio (DPR) is currently 319.76%.

Ithaca Energy Stock Up 0.5 %

The business has a 50 day moving average price of GBX 134.38 and a 200 day moving average price of GBX 117.31. The stock has a market cap of £3.36 billion and a P/E ratio of 18.39.

Ithaca Energy Company Profile

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.