International Consolidated Airlines Group S.A. (LON:IAG) Plans Dividend Increase – €0.06 Per Share

International Consolidated Airlines Group S.A. (LON:IAG) declared a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, June 26th will be paid a dividend of €0.06 ($0.07) per share on Monday, June 30th. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 26th. This is a 100.0% increase from International Consolidated Airlines Group’s previous dividend of $0.03. The official announcement can be viewed at this link.

International Consolidated Airlines Group Stock Up 6.0%

IAG opened at GBX 327.25 ($4.43) on Tuesday. The stock’s 50 day moving average price is GBX 301.07 and its 200 day moving average price is GBX 303.60. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market cap of £19.34 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a 12 month low of GBX 158.95 ($2.15) and a 12 month high of GBX 368.06 ($4.98).

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Jefferies Financial Group increased their price target on International Consolidated Airlines Group from GBX 350 ($4.74) to GBX 400 ($5.42) and gave the stock a “buy” rating in a research note on Monday, March 3rd. Citigroup restated a “buy” rating and set a GBX 390 ($5.28) price target on shares of International Consolidated Airlines Group in a research report on Monday, March 31st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Barclays lowered shares of International Consolidated Airlines Group to an “underweight” rating and lowered their price objective for the company from GBX 420 ($5.69) to GBX 250 ($3.38) in a research note on Wednesday, March 12th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 420 ($5.69) target price on shares of International Consolidated Airlines Group in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, International Consolidated Airlines Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 372 ($5.04).

International Consolidated Airlines Group Company Profile

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.