Polar Capital Holdings plc (LON:POLR) to Issue Dividend of GBX 25

Polar Capital Holdings plc (LON:POLR) declared a dividend on Monday, June 22nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 2nd will be paid a dividend of GBX 25 ($0.31) per share on Friday, July 31st. This represents a dividend yield of 4.81%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a boost from Polar Capital’s previous dividend of $8.00. The official announcement can be seen at this link.

Shares of POLR opened at GBX 499 ($6.14) on Tuesday. The firm has a 50 day simple moving average of GBX 446.04 and a 200-day simple moving average of GBX 475.44. Polar Capital has a 1-year low of GBX 282 ($3.47) and a 1-year high of GBX 626 ($7.70). The stock has a market cap of $490.90 million and a price-to-earnings ratio of 12.08.

In related news, insider Andrew Ross purchased 25,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were bought at an average price of GBX 419 ($5.16) per share, for a total transaction of £104,750 ($128,907.21). Also, insider Brian J. D. Ashford-Russell sold 56,654 shares of Polar Capital stock in a transaction on Friday, June 26th. The shares were sold at an average price of GBX 501 ($6.17), for a total transaction of £283,836.54 ($349,294.29).

POLR has been the subject of several recent analyst reports. Shore Capital lifted their target price on shares of Polar Capital from GBX 500 ($6.15) to GBX 600 ($7.38) and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Peel Hunt lifted their target price on shares of Polar Capital from GBX 580 ($7.14) to GBX 620 ($7.63) and gave the stock a “buy” rating in a research note on Monday, June 22nd.

Polar Capital Company Profile

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Dividend History for Polar Capital (LON:POLR)

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