Polymetal International plc (LON:POLY) Increases Dividend to $0.89 Per Share

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Polymetal International plc (LON:POLY) declared a dividend on Wednesday, March 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 6th will be paid a dividend of $0.89 per share by the mining company on Friday, May 28th. This represents a dividend yield of 4.42%. The ex-dividend date of this dividend is Thursday, May 6th. This is a positive change from Polymetal International’s previous dividend of $0.40. The official announcement can be accessed at this link.

Shares of POLY stock opened at GBX 1,539.50 ($20.11) on Tuesday. The company has a quick ratio of 0.92, a current ratio of 2.18 and a debt-to-equity ratio of 88.41. The firm has a market cap of £7.29 billion and a price-to-earnings ratio of 9.16. The company’s 50 day moving average is GBX 1,493.41 and its 200 day moving average is GBX 1,612.70. Polymetal International has a 52-week low of GBX 1,382 ($18.06) and a 52-week high of GBX 2,085 ($27.24).

Several research analysts recently weighed in on the company. Berenberg Bank restated a “buy” rating and set a GBX 2,100 ($27.44) target price on shares of Polymetal International in a research note on Thursday, April 22nd. Morgan Stanley decreased their price objective on shares of Polymetal International from GBX 1,550 ($20.25) to GBX 1,520 ($19.86) and set an “equal weight” rating for the company in a research report on Wednesday, March 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Polymetal International currently has an average rating of “Buy” and a consensus target price of GBX 1,957 ($25.57).

In related news, insider M L. S. De Sousa-Oliveira bought 1,300 shares of the business’s stock in a transaction dated Tuesday, April 27th. The stock was acquired at an average price of GBX 1,560 ($20.38) per share, with a total value of £20,280 ($26,495.95). Also, insider M L. S. De Sousa-Oliveira acquired 300 shares of the stock in a transaction that occurred on Wednesday, March 10th. The stock was purchased at an average price of GBX 1,469 ($19.19) per share, for a total transaction of £4,407 ($5,757.77). Over the last ninety days, insiders have bought 3,820 shares of company stock valued at $5,795,220.

About Polymetal International

Polymetal International plc operates as a precious metals mining company in Russia, Kazakhstan, East Asia, and Europe. The company operates through five segments: Magadan, Ural, Khabarovsk, Kazakhstan, and Yakutia. It is involved in the exploration, extraction, processing, and reclamation of gold, silver, copper, zinc, and platinum group metals.

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Dividend History for Polymetal International (LON:POLY)

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