Paragon Banking Group PLC (LON:PAG) Announces Dividend Increase – GBX 14.20 Per Share

Paragon Banking Group PLC (LON:PAG) announced a dividend on Tuesday, November 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 14.20 ($0.19) per share on Monday, February 17th. This represents a yield of 2.83%. The ex-dividend date of this dividend is Thursday, January 9th. This is a boost from Paragon Banking Group’s previous dividend of $7.00. The official announcement can be seen at this link.

LON PAG traded down GBX 1.50 ($0.02) during trading on Tuesday, hitting GBX 502 ($6.56). The stock had a trading volume of 481,965 shares, compared to its average volume of 729,645. The company has a debt-to-equity ratio of 692.41, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $1.29 billion and a price-to-earnings ratio of 9.42. Paragon Banking Group has a one year low of GBX 379.20 ($4.95) and a one year high of GBX 518 ($6.77). The stock has a 50 day simple moving average of GBX 498.14 and a 200 day simple moving average of GBX 455.32.

In other news, insider Hugo Tudor sold 25,000 shares of Paragon Banking Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of GBX 453 ($5.92), for a total transaction of £113,250 ($147,981.18).

Several brokerages have issued reports on PAG. Jefferies Financial Group reissued a “buy” rating and issued a GBX 680 ($8.89) price objective on shares of Paragon Banking Group in a research note on Tuesday. Royal Bank of Canada raised their price objective on shares of Paragon Banking Group from GBX 445 ($5.81) to GBX 495 ($6.47) and gave the stock a “sector performer” rating in a research note on Friday. Canaccord Genuity downgraded shares of Paragon Banking Group to a “hold” rating and raised their price objective for the stock from GBX 500 ($6.53) to GBX 519 ($6.78) in a research note on Wednesday, November 13th. Shore Capital reaffirmed a “buy” rating on shares of Paragon Banking Group in a research note on Tuesday. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Paragon Banking Group in a research note on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 549.83 ($7.18).

Paragon Banking Group Company Profile

Paragon Banking Group PLC provides financial services in the United Kingdom. The company operates through three segments: Mortgages, Commercial Lending, and Idem Capital. The Mortgages segment offers buy-to-let first charge, and owner-occupied first and second charge mortgages on residential property.

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Dividend History for Paragon Banking Group (LON:PAG)

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