PayPoint plc (LON:PAY – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as GBX 670 ($8.50) and last traded at GBX 643 ($8.16), with a volume of 90550 shares trading hands. The stock had previously closed at GBX 636 ($8.07).
Analysts Set New Price Targets
Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 675 ($8.56) target price on shares of PayPoint in a research note on Wednesday, March 20th.
Read Our Latest Analysis on PAY
PayPoint Stock Performance
PayPoint Increases Dividend
The company also recently announced a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, August 29th will be paid a GBX 9.60 ($0.12) dividend. The ex-dividend date is Thursday, August 29th. This is an increase from PayPoint’s previous dividend of $9.50. This represents a dividend yield of 1.69%. PayPoint’s dividend payout ratio (DPR) is currently 8,837.21%.
About PayPoint
PayPoint plc engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom. The company operates through two segments: PayPoint and Love2shop. The PayPoint segment provides card payment services to retailers, including leased payment devices; EPoS; ATM cash machines; SIM cards sales; receipt advertising; bill payment services and cash top-ups to individual consumers; parcel delivery and collection services; retailer service fees solutions; and digital payment services, as well as cash through to digital services.
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