Shares of Arbuthnot Banking Group PLC (LON:ARBB – Get Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,017.58 ($13.03) and traded as low as GBX 1,002.50 ($12.84). Arbuthnot Banking Group shares last traded at GBX 1,002.50 ($12.84), with a volume of 1,102 shares.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reaffirmed a “house stock” rating on shares of Arbuthnot Banking Group in a report on Thursday, May 30th.
Check Out Our Latest Stock Analysis on Arbuthnot Banking Group
Arbuthnot Banking Group Price Performance
Arbuthnot Banking Group Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were paid a GBX 40 ($0.51) dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a yield of 4.22%. This is an increase from Arbuthnot Banking Group’s previous dividend of $27.00. Arbuthnot Banking Group’s dividend payout ratio (DPR) is currently 2,062.78%.
About Arbuthnot Banking Group
Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments.
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