Arbuthnot Banking Group PLC (LON:ARBB) Increases Dividend to GBX 27 Per Share

Arbuthnot Banking Group PLC (LON:ARBB) announced a dividend on Thursday, March 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 27 ($0.34) per share on Friday, May 31st. This represents a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Arbuthnot Banking Group’s previous dividend of $19.00. The official announcement can be accessed at this link.

Arbuthnot Banking Group Price Performance

Shares of Arbuthnot Banking Group stock opened at GBX 1,137 ($14.15) on Wednesday. The business has a 50 day moving average price of GBX 1,058.98 and a 200 day moving average price of GBX 997.32. The company has a market capitalization of £184.08 million, a P/E ratio of 491.07, a P/E/G ratio of 0.38 and a beta of 0.95. Arbuthnot Banking Group has a 1 year low of GBX 840 ($10.46) and a 1 year high of GBX 1,150 ($14.32).

Insider Buying and Selling

In other Arbuthnot Banking Group news, insider Henry Angest bought 100,000 shares of Arbuthnot Banking Group stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average price of GBX 990 ($12.32) per share, for a total transaction of £990,000 ($1,232,416.28). 64.38% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “house stock” rating on shares of Arbuthnot Banking Group in a report on Thursday, March 28th.

Arbuthnot Banking Group Company Profile

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments.