InterContinental Hotels Group PLC (LON:IHG) to Issue $0.53 Dividend

InterContinental Hotels Group PLC (LON:IHG) announced a dividend on Tuesday, August 6th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.53 per share on Thursday, October 3rd. This represents a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, August 29th. The official announcement can be accessed at this link.

InterContinental Hotels Group Price Performance

LON:IHG opened at GBX 7,244 ($92.58) on Wednesday. The business’s 50-day simple moving average is GBX 8,089.20 and its 200-day simple moving average is GBX 8,001.72. InterContinental Hotels Group has a fifty-two week low of GBX 5,636 ($72.03) and a fifty-two week high of GBX 8,790 ($112.33). The stock has a market capitalization of £11.76 billion, a PE ratio of 2,135.45, a price-to-earnings-growth ratio of 1.76 and a beta of 0.97.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 84 ($1.07) price target on shares of InterContinental Hotels Group in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 8,300 ($106.07) target price on shares of InterContinental Hotels Group in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 5,847.33 ($74.73).

Insider Transactions at InterContinental Hotels Group

In other InterContinental Hotels Group news, insider Ron Kalifa bought 679 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of GBX 7,624 ($97.43) per share, with a total value of £51,766.96 ($66,155.86). Company insiders own 5.90% of the company’s stock.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.