Anglo American plc (LON:AAL) to Issue Dividend Increase – $0.42 Per Share

Anglo American plc (LON:AAL) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.42 per share by the mining company on Friday, September 27th. This represents a yield of 1.46%. The ex-dividend date is Thursday, August 15th. This is a positive change from Anglo American’s previous dividend of $0.41. The official announcement can be accessed at this link.

Anglo American Trading Up 3.6 %

Shares of LON AAL opened at GBX 2,347 ($30.35) on Friday. Anglo American has a 1-year low of GBX 1,630 ($21.08) and a 1-year high of GBX 2,813 ($36.38). The company has a current ratio of 1.85, a quick ratio of 1.28 and a debt-to-equity ratio of 53.49. The company has a 50-day moving average of GBX 2,436.33 and a two-hundred day moving average of GBX 2,165.05. The company has a market cap of £28.40 billion, a PE ratio of 12,583.33, a P/E/G ratio of 2.48 and a beta of 1.22.

Insiders Place Their Bets

In other news, insider Stuart J. Chambers purchased 694 shares of Anglo American stock in a transaction dated Friday, June 21st. The shares were bought at an average cost of GBX 2,464 ($31.87) per share, with a total value of £17,100.16 ($22,116.09). Over the last three months, insiders have bought 704 shares of company stock worth $1,735,051. Company insiders own 9.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on AAL shares. Berenberg Bank upped their price objective on Anglo American from GBX 2,000 ($25.87) to GBX 2,100 ($27.16) and gave the stock a “sell” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. dropped their price objective on Anglo American from GBX 2,735 ($35.37) to GBX 2,590 ($33.50) and set an “overweight” rating for the company in a report on Wednesday, July 3rd. Citigroup reaffirmed a “buy” rating and issued a GBX 3,000 ($38.80) target price on shares of Anglo American in a research note on Friday, May 31st. Royal Bank of Canada boosted their price target on shares of Anglo American from GBX 2,300 ($29.75) to GBX 3,100 ($40.09) and gave the stock an “outperform” rating in a research note on Monday, May 13th. Finally, Bank of America reaffirmed a “buy” rating and issued a GBX 3,100 ($40.09) price objective on shares of Anglo American in a research note on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,765 ($35.76).

About Anglo American

Anglo American plc operates as a mining company in the United Kingdom and internationally. It explores for rough and polished diamonds, copper, platinum group metals and nickel, steelmaking coal, and iron ore; and nickel, polyhalite, and manganese ores. Anglo American plc was founded in 1917 and is headquartered in London, the United Kingdom.