Mortgage Advice Bureau (Stake) PLC (MAB1) Lifted Dividend to GBX 10.50 Per Share

Mortgage Advice Bureau (Stake) PLC (MAB1) Lifted Dividend to GBX 10.50 Per Share

Mortgage Advice Bureau (Holdings) PLC (LON:MAB1) announced a dividend on Tuesday, March 28th. Investors of record on Thursday, May 4th will be given a dividend of GBX 10.50 ($0.13) per share on Wednesday, May 31st. This represents a yield of 2.73%. The ex-dividend date of this dividend is Thursday, May 4th. This is an increase from Mortgage Advice Bureau (Holdings) PLC’s previous dividend of $1.10. The official announcement can be viewed at this link.

Mortgage Advice Bureau (LON:MAB1) traded up 6.73% during mid-day trading on Tuesday, reaching GBX 384.50. The company had a trading volume of 60,310 shares. The stock’s market capitalization is GBX 194.02 million. Mortgage Advice Bureau has a 52 week low of GBX 195.00 and a 52 week high of GBX 418.02. The stock has a 50 day moving average of GBX 365.41 and a 200 day moving average of GBX 340.69.

In other news, insider Lucy Tilley purchased 80 shares of the stock in a transaction dated Monday, January 16th. The shares were purchased at an average cost of GBX 369 ($4.64) per share, with a total value of £295.20 ($370.99). Also, insider Nathan James McLean Imlach purchased 381 shares of the stock in a transaction dated Tuesday, January 31st. The stock was purchased at an average cost of GBX 367 ($4.61) per share, for a total transaction of £1,398.27 ($1,757.28). Over the last three months, insiders acquired 955 shares of company stock worth $353,327.

Several analysts have commented on MAB1 shares. Shore Capital reissued a “buy” rating on shares of Mortgage Advice Bureau (Holdings) PLC in a report on Friday, January 27th. Canaccord Genuity reissued a “buy” rating and issued a GBX 420 ($5.28) price objective on shares of Mortgage Advice Bureau (Holdings) PLC in a report on Friday, January 27th. Finally, FinnCap reissued a “buy” rating and issued a GBX 420 ($5.28) price objective on shares of Mortgage Advice Bureau (Holdings) PLC in a report on Friday, January 27th.

About Mortgage Advice Bureau (Holdings) PLC

Mortgage Advice Bureau (Holdings) plc is a United Kingdom-based non-trading holding company. The Company, along with its subsidiaries, is engaged in the provision of financial services, including the provision of mortgage advice, and advice on protection and general insurance products. The Company’s network offers advice on over 12,000 residential and buy-to-let mortgage products, including those that are available through mortgage intermediaries.

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