Phoenix Group Holdings Announces Dividend of GBX 22.60 (PHNX)

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Phoenix Group Holdings (LON:PHNX) announced a dividend on Thursday, August 23rd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 6th will be paid a dividend of GBX 22.60 ($0.29) per share on Monday, October 1st. This represents a yield of 3.2%. The ex-dividend date is Thursday, September 6th. The official announcement can be viewed at this link.

Shares of PHNX stock opened at GBX 706 ($9.11) on Wednesday. Phoenix Group has a one year low of GBX 719 ($9.28) and a one year high of GBX 820 ($10.58).

Phoenix Group (LON:PHNX) last announced its quarterly earnings results on Thursday, August 23rd. The company reported GBX (6.10) (($0.08)) EPS for the quarter. Phoenix Group had a negative net margin of 3.26% and a negative return on equity of 5.87%.

A number of analysts have recently issued reports on the stock. Deutsche Bank restated a “hold” rating and set a GBX 700.50 ($9.04) target price (down previously from GBX 740 ($9.55)) on shares of Phoenix Group in a research note on Friday, August 24th. Barclays raised their target price on shares of Phoenix Group from GBX 664 ($8.57) to GBX 667 ($8.60) and gave the stock an “underweight” rating in a research note on Wednesday, July 18th. Numis Securities upgraded shares of Phoenix Group to an “add” rating and cut their target price for the stock from GBX 838 ($10.81) to GBX 755 ($9.74) in a research note on Friday, July 13th. Finally, Royal Bank of Canada upgraded shares of Phoenix Group to a “top pick” rating and set a GBX 820 ($10.58) target price for the company in a research note on Monday, July 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Phoenix Group currently has an average rating of “Buy” and an average target price of GBX 788.79 ($10.18).

Phoenix Group Company Profile

Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010. Phoenix Group Holdings was founded in 1782 and is headquartered in London, the United Kingdom.

Further Reading: Fiduciary

Dividend History for Phoenix Group (LON:PHNX)

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