System1 Group (LON:SYS1) Reaches New 1-Year High After Dividend Announcement

System1 Group PLC (LON:SYS1) shares hit a new 52-week high during trading on Wednesday after the company announced a dividend. The stock traded as high as GBX 669 ($8.46) and last traded at GBX 669 ($8.46), with a volume of 98127 shares trading hands. The stock had previously closed at GBX 520 ($6.58).

The newly announced dividend which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a dividend of GBX 5 ($0.06) per share. This represents a dividend yield of 0.96%. This is a positive change from System1 Group’s previous dividend of $1.10. The ex-dividend date is Thursday, September 26th. System1 Group’s dividend payout ratio (DPR) is presently 8,000.00%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price objective on System1 Group from GBX 615 ($7.78) to GBX 630 ($7.97) and gave the stock a “buy” rating in a report on Wednesday.

System1 Group Price Performance

The stock has a market capitalization of £84.83 million, a P/E ratio of 6,690.00 and a beta of 1.35. The company’s 50-day simple moving average is GBX 488.35 and its 200-day simple moving average is GBX 417.63. The company has a debt-to-equity ratio of 9.88, a current ratio of 2.20 and a quick ratio of 1.90.

About System1 Group

System1 Group PLC, together with its subsidiaries, provides marketing and market research consultancy services in the United Kingdom. The company offers a range of tools, such as predictive marketing tool that uses the wisdom of the crowd to identify winning concepts; and ad-testing tool that identifies the emotional impact of advertising.