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

Shares of International Personal Finance plc (LON:IPF) rose 11.5% during mid-day trading 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 mid-day 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. Shareholders of record on Thursday, August 29th will be issued a dividend of GBX 3.40 ($0.04) per share. This represents a yield of 2.46%. The ex-dividend date of this dividend is Thursday, August 29th. International Personal Finance’s dividend payout ratio is presently 5,000.00%.

Analysts Set New Price Targets

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

International Personal Finance Stock Up 11.6 %

The stock’s fifty day simple moving average is GBX 125.41 and its two-hundred day simple moving average is GBX 116.84. The company has a debt-to-equity ratio of 106.68, a current ratio of 3.68 and a quick ratio of 3.69. The company has a market capitalization of £348.90 million, a price-to-earnings ratio of 775.00, a PEG ratio of 0.32 and a beta of 1.30.

Insiders Place Their Bets

In related news, insider Gary Thompson purchased 15,700 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of GBX 127 ($1.63) per share, with a total value of £19,939 ($25,648.31). 8.50% of the stock is currently owned by corporate insiders.

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.