iomart Group plc (LON:IOM) Announces Dividend of GBX 3

iomart Group plc (LON:IOM) announced a dividend on Tuesday, June 11th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 15th will be paid a dividend of GBX 3 ($0.04) per share on Monday, September 9th. This represents a yield of 2.08%. The ex-dividend date of this dividend is Thursday, August 15th. This is a positive change from iomart Group’s previous dividend of $1.94. The official announcement can be accessed at this link.

iomart Group Stock Performance

Shares of IOM opened at GBX 136.88 ($1.74) on Tuesday. The company has a debt-to-equity ratio of 47.97, a current ratio of 1.09 and a quick ratio of 1.18. The stock has a 50-day moving average of GBX 136.78 and a 200-day moving average of GBX 144.72. The company has a market cap of £153.59 million, a PE ratio of 2,400.00 and a beta of 0.52. iomart Group has a one year low of GBX 122 ($1.55) and a one year high of GBX 193.60 ($2.47).

Analyst Ratings Changes

Several analysts have recently commented on IOM shares. Numis Securities upgraded iomart Group to a “buy” rating and set a GBX 185 ($2.36) target price for the company in a research note on Thursday, April 11th. Shore Capital restated a “buy” rating on shares of iomart Group in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 185 ($2.36) price target on shares of iomart Group in a research report on Monday.

About iomart Group

iomart Group plc engages in the provision of cloud hosting and managed services in the United Kingdom and internationally. It operates in two segments, Cloud Services and Easyspace. The Cloud Services segment offers managed cloud computing facilities and services, such as colocation data centre and disaster recovery services through a network of owned data centres, to the larger SME and corporate markets.