3i (LON:III) declared a dividend on Thursday, May 17th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 14th will be paid a dividend of GBX 22 ($0.30) per share on Friday, July 20th. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, June 14th. This is a boost from 3I’s previous dividend of $8.00. The official announcement can be seen at this link.
Shares of LON III opened at GBX 978.40 ($13.27) on Friday. 3I has a 12-month low of GBX 694 ($9.41) and a 12-month high of GBX 975 ($13.23).
Several research analysts recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,035 ($14.04) target price on shares of 3I in a research note on Monday, March 12th. Canaccord Genuity lifted their target price on shares of 3I from GBX 1,030 ($13.97) to GBX 1,035 ($14.04) and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 979.29 ($13.28).
3I Company Profile
3i Group plc is a private equity firm specializing in direct and fund of fund investments. Within direct investments, it prefers to make private equity investments in mature companies, growth capital, rescue/turnaround, middle markets, early venture, infrastructure, and management leveraged buyouts and buy-ins.
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