The Independent Investment Trust plc (LON:IIT) declared a dividend on Thursday, January 18th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, February 22nd will be given a dividend of GBX 6 ($0.08) per share on Friday, April 6th. This represents a yield of 0.86%. The ex-dividend date of this dividend is Thursday, February 22nd. This is a positive change from The Independent Investment Trust’s previous dividend of $2.00. The official announcement can be accessed at this link.
The Independent Investment Trust (IIT) opened at GBX 696.08 ($9.62) on Wednesday. The firm has a market capitalization of $387.47 and a price-to-earnings ratio of 320.77. The Independent Investment Trust has a 1 year low of GBX 424.12 ($5.86) and a 1 year high of GBX 811 ($11.20).
In other The Independent Investment Trust news, insider Maxwell C. B. Ward sold 3,800 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of GBX 688 ($9.51), for a total transaction of £26,144 ($36,120.48).
About The Independent Investment Trust
Independent Investment Trust PLC is an investment company. The Company’s objective is to provide good absolute returns over long periods by investing the great majority of its assets in the United Kingdom and international quoted securities and, if appropriate, index futures. The Company invests in equities.
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