3i Group (OTCMKTS:TGOPY) Shares Down 2.1% – Here’s Why

3i Group plc (OTCMKTS:TGOPYGet Free Report) shares dropped 2.1% on Tuesday . The company traded as low as $23.26 and last traded at $23.31. Approximately 119,507 shares were traded during trading, a decline of 65% from the average daily volume of 339,566 shares. The stock had previously closed at $23.80.

3i Group Trading Down 2.1 %

The company’s 50 day moving average is $22.30 and its 200-day moving average is $20.98.

3i Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, November 29th will be paid a $0.1546 dividend. The ex-dividend date of this dividend is Friday, November 29th. 3i Group’s dividend payout ratio (DPR) is 27.02%.

3i Group Company Profile

(Get Free Report)

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.

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