Paragon Banking Group PLC (PAG) Announces Dividend of GBX 11

Paragon Banking Group PLC (LON:PAG) declared a dividend on Thursday, November 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, January 4th will be paid a dividend of GBX 11 ($0.15) per share on Monday, February 19th. This represents a dividend yield of 2.37%. The ex-dividend date is Thursday, January 4th. This is an increase from Paragon Banking Group’s previous dividend of $4.70. The official announcement can be viewed at this link.

Paragon Banking Group (LON:PAG) opened at GBX 490.70 ($6.56) on Friday. Paragon Banking Group has a fifty-two week low of GBX 399 ($5.33) and a fifty-two week high of GBX 555.99 ($7.43). The company has a market cap of $1,300.00 and a P/E ratio of 1,168.33.

In other news, insider Alan Fletcher sold 5,000 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of GBX 487 ($6.51), for a total value of £24,350 ($32,557.83). Also, insider Hugo Tudor sold 200,000 shares of the firm’s stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of GBX 105 ($1.40), for a total transaction of £210,000 ($280,786.20). Insiders sold a total of 304,525 shares of company stock worth $71,517,950 over the last 90 days.

PAG has been the topic of several recent analyst reports. Shore Capital restated a “buy” rating on shares of Paragon Banking Group in a report on Monday, December 11th. Numis Securities restated a “hold” rating and issued a GBX 375 ($5.01) price objective on shares of Paragon Banking Group in a report on Thursday, November 23rd. Canaccord Genuity restated a “hold” rating and issued a GBX 500 ($6.69) price objective on shares of Paragon Banking Group in a report on Thursday, November 23rd. Liberum Capital restated a “buy” rating and issued a GBX 490 ($6.55) price objective on shares of Paragon Banking Group in a report on Friday, December 8th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 510 ($6.82) price objective on shares of Paragon Banking Group in a report on Thursday, September 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 460.56 ($6.16).

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Paragon Banking Group Company Profile

Paragon Banking Group PLC, formerly The Paragon Group of Companies PLC, is engaged in financial services business. The Company operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios.

Dividend History for Paragon Banking Group (LON:PAG)

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