NAHL Group (NAH) Shares Up 5.4% After Dividend Announcement
NAHL Group PLC (LON:NAH)’s share price shot up 5.4% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as GBX 95 ($1.24) and last traded at GBX 94.20 ($1.23). 96,076 shares traded hands during trading, an increase of 44% from the average session volume of 66,719 shares. The stock had previously closed at GBX 89.40 ($1.17).
The newly announced dividend which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 25th will be given a dividend of GBX 5.70 ($0.07) per share. This is a boost from NAHL Group’s previous dividend of $3.20. This represents a dividend yield of 5.56%. The ex-dividend date of this dividend is Thursday, April 25th. NAHL Group’s payout ratio is presently 0.68%.
Separately, FinnCap reaffirmed a “corporate” rating on shares of NAHL Group in a research report on Thursday, January 31st.
In related news, insider James Saralis acquired 10,515 shares of the stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average cost of GBX 95 ($1.24) per share, with a total value of £9,989.25 ($13,052.72).
NAHL Group Company Profile (LON:NAH)
NAHL Group plc, together with its subsidiaries, engages in the marketing and services business focusing on the consumer legal services market in the United Kingdom. The company operates through Personal Injury, Critical Care, and Residential Property divisions. The Personal Injury division offers outsourced marketing services and products to law firms; and claims processing services to individuals.
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