Mattioli Woods plc (MTW) Announces Dividend Increase – GBX 9.40 Per Share
Mattioli Woods plc (LON:MTW) announced a dividend on Tuesday, September 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 21st will be paid a dividend of GBX 9.40 ($0.12) per share on Friday, October 27th. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 21st. This is a boost from Mattioli Woods plc’s previous dividend of $4.70. The official announcement can be seen at this link.
Shares of Mattioli Woods plc (LON MTW) traded down 1.57% during mid-day trading on Friday, hitting GBX 844.00. The stock had a trading volume of 4,628 shares. The stock’s market cap is GBX 217.66 million. The firm has a 50 day moving average of GBX 831.89 and a 200-day moving average of GBX 810.36. Mattioli Woods plc has a one year low of GBX 655.00 and a one year high of GBX 872.00.
A number of analysts have recently issued reports on the company. Canaccord Genuity lifted their price target on Mattioli Woods plc from GBX 795 ($10.27) to GBX 840 ($10.85) and gave the stock a “hold” rating in a research note on Monday, September 11th. Shore Capital reiterated a “hold” rating on shares of Mattioli Woods plc in a research report on Wednesday, July 5th. Finally, FinnCap reiterated a “buy” rating and set a GBX 850 ($10.98) price objective on shares of Mattioli Woods plc in a research report on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of GBX 784.25 ($10.13).
Mattioli Woods plc Company Profile
Mattioli Woods plc is engaged in providing pensions consultancy and administration services primarily to owner-managers, senior executives and professional persons in the United Kingdom. It offers a range of services namely wealth management, employee benefits and intermediary services. Wealth management services include: financial planning, which provide wealth building and trust planning; investments, which include portfolio management, structured products and individual savings account (ISA); pension, which provide self-invested personnel pension and small Self-Administered Scheme(SSAS); property, which includes real estate investment trust (REIT), mortgage advice and legal services, and Protection, which includes life insurance and income protection.
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