CMC Markets (LON:CMCX) Hits New 12-Month High After Dividend Announcement

Shares of CMC Markets Plc (LON:CMCX) hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The company traded as high as GBX 349 ($4.38) and last traded at GBX 333.50 ($4.18), with a volume of 253988 shares trading hands. The stock had previously closed at GBX 338.50 ($4.24).

The newly announced dividend which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, December 5th. CMC Markets’s dividend payout ratio is presently 4,705.88%.

Analysts Set New Price Targets

Separately, Shore Capital restated a “hold” rating on shares of CMC Markets in a research report on Thursday.

CMC Markets Trading Down 8.5 %

The business has a fifty day simple moving average of GBX 313.30 and a 200 day simple moving average of GBX 304.62. The company has a debt-to-equity ratio of 5.95, a quick ratio of 2.47 and a current ratio of 2.00. The company has a market cap of £738.72 million, a P/E ratio of 1,585.29 and a beta of 0.51.

Insider Activity at CMC Markets

In related news, insider David Fineberg bought 94 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average price of GBX 318 ($3.99) per share, for a total transaction of £298.92 ($374.73). Also, insider Albert Soleiman purchased 98 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were bought at an average cost of GBX 303 ($3.80) per share, for a total transaction of £296.94 ($372.25). Insiders bought 288 shares of company stock valued at $89,922 over the last 90 days. 64.79% of the stock is currently owned by corporate insiders.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.