CMC Markets (LON:CMCX) Hits New 1-Year High After Dividend Announcement

CMC Markets Plc (LON:CMCX) reached a new 52-week high during trading on Thursday following a dividend announcement from the company. The company traded as high as GBX 349 ($4.38) and last traded at GBX 333.50 ($4.18), with a volume of 253988 shares traded. The stock had previously closed at GBX 338.50 ($4.24).

The newly announced dividend which will be paid on Thursday, January 9th. Investors of record on Thursday, December 5th will be issued a GBX 3.10 ($0.04) dividend. This represents a yield of 0.92%. The ex-dividend date is Thursday, December 5th. CMC Markets’s dividend payout ratio (DPR) is currently 4,705.88%.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “hold” rating on shares of CMC Markets in a report on Thursday.

CMC Markets Price Performance

The company has a debt-to-equity ratio of 5.95, a current ratio of 2.00 and a quick ratio of 2.47. The company has a market capitalization of £738.72 million, a P/E ratio of 1,585.29 and a beta of 0.51. The firm’s 50-day moving average is GBX 313.30 and its 200-day moving average is GBX 304.62.

Insider Activity at CMC Markets

In other CMC Markets news, insider Albert Soleiman acquired 98 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were purchased at an average cost of GBX 303 ($3.80) per share, for a total transaction of £296.94 ($372.25). Also, insider David Fineberg sold 13,711 shares of CMC Markets stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of GBX 317 ($3.97), for a total transaction of £43,463.87 ($54,486.49). In the last 90 days, insiders have acquired 288 shares of company stock valued at $89,922. 64.79% of the stock is owned by company insiders.

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.