M&G plc (LON:MNG) Declares Dividend of GBX 23.50

M&G plc (LON:MNG) announced a dividend on Wednesday, March 19th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, March 20th will be paid a dividend of GBX 23.50 ($0.30) per share on Sunday, May 25th. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend 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

Shares of LON MNG opened at GBX 216.65 ($2.81) on Friday. M&G has a twelve month low of GBX 184 ($2.39) and a twelve month high of GBX 239.90 ($3.11). The company has a current ratio of 0.40, a quick ratio of 0.39 and a debt-to-equity ratio of 218.70. The company has a market capitalization of £5.16 billion, a price-to-earnings ratio of 30.89, a price-to-earnings-growth ratio of -2.76 and a beta of 1.47. The business has a 50 day simple moving average of GBX 209.47 and a 200-day simple moving average of GBX 204.36.

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

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on M&G from GBX 230 ($2.98) to GBX 225 ($2.92) and set a “hold” rating for the company in a research note on Monday, February 24th.

About M&G

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.