CMC Markets Plc (LON:CMCX) Raises Dividend to GBX 7.30 Per Share

CMC Markets Plc (LON:CMCX) announced a dividend on Thursday, June 20th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 11th will be given a dividend of GBX 7.30 ($0.09) per share on Friday, August 9th. This represents a yield of 2.6%. The ex-dividend date of this dividend is Thursday, July 11th. This is a boost from CMC Markets’s previous dividend of $1.00. The official announcement can be seen at this link.

CMC Markets Stock Performance

CMCX opened at GBX 327 ($4.19) on Wednesday. The company has a market cap of £915.01 million, a price-to-earnings ratio of 8,237.50 and a beta of 0.50. The firm’s fifty day simple moving average is GBX 284.47 and its two-hundred day simple moving average is GBX 212.95. The company has a quick ratio of 2.47, a current ratio of 2.35 and a debt-to-equity ratio of 5.48. CMC Markets has a 52-week low of GBX 86.90 ($1.11) and a 52-week high of GBX 343 ($4.39).

Insider Activity

In related news, insider David Fineberg acquired 114 shares of CMC Markets stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average price of GBX 263 ($3.37) per share, for a total transaction of £299.82 ($384.04). In other news, insider Albert Soleiman purchased 88 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was acquired at an average price of GBX 336 ($4.30) per share, for a total transaction of £295.68 ($378.74). Also, insider David Fineberg acquired 114 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of GBX 263 ($3.37) per share, with a total value of £299.82 ($384.04). Insiders purchased 312 shares of company stock worth $89,800 over the last ninety days. Corporate insiders own 64.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Shore Capital reiterated a “hold” rating on shares of CMC Markets in a research note on Thursday, July 4th. Canaccord Genuity Group restated a “sell” rating and issued a GBX 192 ($2.46) price objective on shares of CMC Markets in a report on Tuesday, June 18th.

About CMC Markets

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.