Plus500 (LON:PLUS) Reaches New 1-Year High After Dividend Announcement

Plus500 Ltd. (LON:PLUS)’s share price reached a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as GBX 2,628 ($34.15) and last traded at GBX 2,551.03 ($33.15), with a volume of 515429 shares changing hands. The stock had previously closed at GBX 2,432 ($31.60).

The newly announced dividend which will be paid on Monday, November 11th. Stockholders of record on Thursday, August 29th will be paid a $1.00 dividend. This is an increase from Plus500’s previous dividend of $0.95. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 3.18%. Plus500’s dividend payout ratio (DPR) is presently 2,633.74%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their price objective on Plus500 from GBX 2,300 ($29.89) to GBX 2,800 ($36.38) and gave the stock a “buy” rating in a report on Tuesday.

Plus500 Stock Up 0.2 %

The company has a current ratio of 3.29, a quick ratio of 3.89 and a debt-to-equity ratio of 2.63. The firm has a market cap of £1.92 billion, a P/E ratio of 1,043.62, a price-to-earnings-growth ratio of 0.24 and a beta of 0.17. The stock’s fifty day moving average is GBX 2,288.69 and its two-hundred day moving average is GBX 2,085.68.

About Plus500

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.