International Personal Finance (LON:IPF) Stock Price Up 11.5% Following Dividend Announcement

Shares of International Personal Finance plc (LON:IPF) were up 11.5% on Wednesday after the company announced a dividend. The company traded as high as GBX 155.50 ($2.00) and last traded at GBX 153.88 ($1.98). Approximately 1,211,426 shares changed hands during trading, an increase of 433% from the average daily volume of 227,415 shares. The stock had previously closed at GBX 138 ($1.78).

The newly announced dividend which will be paid on Friday, September 27th. Investors of record on Thursday, August 29th will be issued a GBX 3.40 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a yield of 2.46%. International Personal Finance’s payout ratio is 5,000.00%.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “buy” rating on shares of International Personal Finance in a research note on Wednesday, June 19th.

International Personal Finance Price Performance

The business has a 50 day moving average price of GBX 125.41 and a 200-day moving average price of GBX 116.84. The company has a market capitalization of £348.90 million, a price-to-earnings ratio of 775.00, a P/E/G ratio of 0.32 and a beta of 1.30. The company has a debt-to-equity ratio of 106.68, a quick ratio of 3.69 and a current ratio of 3.68.

Insiders Place Their Bets

In related news, insider Gary Thompson purchased 15,700 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was purchased at an average cost of GBX 127 ($1.63) per share, with a total value of £19,939 ($25,648.31). Company insiders own 8.50% of the company’s stock.

International Personal Finance Company Profile

International Personal Finance plc, together with its subsidiaries, provides consumer credit in Europe and Mexico. The company offers credit products, such as online payment transaction; revolving credit line; digital installment loans; credit card; hybrid loans; and home credit installment loans. It also offers medical and life insurances.