Phoenix Group Holdings plc (LON:PHNX) Announces Dividend Increase – GBX 27.35 Per Share

Phoenix Group Holdings plc (LON:PHNX) announced a dividend on Monday, March 17th, DividendData.Co.Uk reports. Investors of record on Thursday, April 3rd will be paid a dividend of GBX 27.35 ($0.36) per share on Wednesday, May 21st. This represents a yield of 4.66%. The ex-dividend date is Thursday, April 3rd. This is a 2.6% increase from Phoenix Group’s previous dividend of $26.65. The official announcement can be seen at this link.

Phoenix Group Price Performance

Shares of PHNX traded up GBX 6 ($0.08) during mid-day trading on Tuesday, reaching GBX 586 ($7.61). The stock had a trading volume of 822,443,875 shares, compared to its average volume of 24,995,246. The firm has a market cap of £5.86 billion, a price-to-earnings ratio of -11.23, a PEG ratio of 1.95 and a beta of 0.73. Phoenix Group has a 12 month low of GBX 475 ($6.17) and a 12 month high of GBX 586 ($7.61). The business has a fifty day moving average of GBX 510.83 and a 200 day moving average of GBX 519.08. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group (LON:PHNX) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) earnings per share for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. Equities analysts predict that Phoenix Group will post 51.179941 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.44) price target on shares of Phoenix Group in a research report on Monday, February 17th.

About Phoenix Group

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.