3i Group plc (OTCMKTS:TGOPY – Get Free Report) shares were down 2.1% during mid-day trading on Tuesday . The stock traded as low as $23.26 and last traded at $23.31. Approximately 119,507 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 339,566 shares. The stock had previously closed at $23.80.
3i Group Trading Down 2.1 %
The stock’s 50 day simple moving average is $22.30 and its 200 day simple moving average is $20.98.
3i Group Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, January 27th. Investors of record on Friday, November 29th will be issued a $0.1546 dividend. The ex-dividend date of this dividend is Friday, November 29th. 3i Group’s dividend payout ratio is currently 27.02%.
About 3i Group
3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.
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