3i Group (LON:III) Increases Dividend to GBX 34.50 Per Share

3i Group (LON:III) announced a dividend on Thursday, May 9th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 20th will be given a dividend of GBX 34.50 ($0.43) per share on Friday, July 26th. This represents a dividend yield of 1.16%. The ex-dividend date is Thursday, June 20th. This is a positive change from 3i Group’s previous dividend of $26.50. The official announcement can be accessed at this link.

3i Group Stock Down 4.8 %

III opened at GBX 2,831.50 ($35.57) on Thursday. The company has a quick ratio of 0.09, a current ratio of 1.48 and a debt-to-equity ratio of 6.74. The business’s fifty day simple moving average is GBX 2,741.92 and its 200 day simple moving average is GBX 2,441.74. 3i Group has a 52 week low of GBX 1,709.50 ($21.48) and a 52 week high of GBX 2,992 ($37.59). The stock has a market cap of £27.56 billion, a PE ratio of 646.52, a P/E/G ratio of -0.35 and a beta of 1.03.

Analyst Upgrades and Downgrades

Separately, Barclays increased their price objective on 3i Group from GBX 2,815 ($35.36) to GBX 3,050 ($38.32) and gave the company an “overweight” rating in a research report on Friday, May 3rd.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.