M&G plc (LON:MNG) Increases Dividend to GBX 23.50 Per Share

M&G plc (LON:MNG) announced a dividend on Wednesday, March 19th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 20th will be given a dividend of GBX 23.50 ($0.31) per share on Sunday, May 25th. This represents a yield of 4.25%. The ex-dividend date is Thursday, March 20th. This is a 256.1% increase from M&G’s previous dividend of $6.60. The official announcement can be viewed at this link.

M&G Price Performance

LON MNG opened at GBX 227.60 ($2.96) on Wednesday. M&G has a 12 month low of GBX 184 ($2.39) and a 12 month high of GBX 241.10 ($3.13). The stock has a market cap of £5.42 billion, a price-to-earnings ratio of 32.46, a PEG ratio of -2.76 and a beta of 1.47. The company’s 50 day moving average is GBX 208.31 and its two-hundred day moving average is GBX 204.26. The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70.

M&G (LON:MNG) last released its earnings results on Wednesday, March 19th. The company reported GBX (15.10) (($0.20)) EPS for the quarter. M&G had a return on equity of 4.31% and a net margin of 1.85%. As a group, research analysts anticipate that M&G will post 24.2485207 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on shares of M&G from GBX 230 ($2.99) to GBX 225 ($2.93) and set a “hold” rating for the company in a report on Monday, February 24th.

M&G Company Profile

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.

We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.