Euromoney Institutional Investor PLC (LON:ERM) Announces Dividend of GBX 22.30
Euromoney Institutional Investor PLC (LON:ERM) announced a dividend on Thursday, November 21st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 22.30 ($0.29) per share on Thursday, February 13th. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, November 28th. This is a boost from Euromoney Institutional Investor’s previous dividend of $10.80. The official announcement can be seen at this link.
Shares of LON ERM traded down GBX 88 ($1.15) during midday trading on Thursday, reaching GBX 1,224 ($15.99). The company’s stock had a trading volume of 128,786 shares, compared to its average volume of 43,010. The company has a 50 day moving average price of GBX 1,388.93 and a 200 day moving average price of GBX 1,351.12. Euromoney Institutional Investor has a one year low of GBX 1,118 ($14.61) and a one year high of GBX 1,510 ($19.73). The company has a market cap of $1.44 billion and a price-to-earnings ratio of 10.37.
A number of research firms recently commented on ERM. Peel Hunt reiterated an “add” rating on shares of Euromoney Institutional Investor in a report on Thursday. UBS Group downgraded shares of Euromoney Institutional Investor to a “neutral” rating and dropped their target price for the stock from GBX 1,520 ($19.86) to GBX 1,475 ($19.27) in a report on Friday, November 1st. Finally, Berenberg Bank began coverage on shares of Euromoney Institutional Investor in a report on Thursday, September 12th. They issued a “hold” rating and a GBX 1,400 ($18.29) target price on the stock.
Euromoney Institutional Investor PLC, together with its subsidiaries, operates as a business-to-business information company in the United Kingdom, North America, and internationally. It operates through four segments: Asset Management; Pricing, Data and Market Intelligence; Banking and Finance; and Commodity Events.
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