Mortgage Advice Bureau (Holdings) PLC (MAB1) Increases Dividend to GBX 12.70 Per Share

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Mortgage Advice Bureau (Holdings) PLC (LON:MAB1) declared a dividend on Tuesday, March 19th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 12.70 ($0.17) per share on Friday, May 24th. This represents a yield of 2.3%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Mortgage Advice Bureau’s previous dividend of $10.60. The official announcement can be seen at this link.

Mortgage Advice Bureau stock traded down GBX 24 ($0.31) during midday trading on Tuesday, hitting GBX 551 ($7.20). 436,051 shares of the company’s stock were exchanged, compared to its average volume of 34,178. Mortgage Advice Bureau has a 12 month low of GBX 470 ($6.14) and a 12 month high of GBX 740 ($9.67). The stock has a market cap of $281.59 million and a price-to-earnings ratio of 22.86.

In related news, insider Lucy Tilley acquired 56 shares of the firm’s stock in a transaction that occurred on Monday, January 14th. The stock was purchased at an average cost of GBX 528 ($6.90) per share, with a total value of £295.68 ($386.36). Also, insider Nathan James McLean Imlach acquired 282 shares of the firm’s stock in a transaction that occurred on Monday, December 31st. The stock was bought at an average cost of GBX 515 ($6.73) per share, with a total value of £1,452.30 ($1,897.69). Over the last three months, insiders have acquired 961 shares of company stock valued at $537,354.

Several research analysts have issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Mortgage Advice Bureau in a report on Tuesday, January 22nd. Numis Securities reiterated an “add” rating and set a GBX 665 ($8.69) target price on shares of Mortgage Advice Bureau in a report on Wednesday, March 13th.

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Mortgage Advice Bureau Company Profile

Mortgage Advice Bureau (Holdings) plc, through its subsidiaries, provides mortgage advice in the United Kingdom. It provides advice on approximately 12,000 residential and buy-to-let mortgage products through mortgage intermediaries. The company offers its services over the phone and face to face for customers.

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Dividend History for Mortgage Advice Bureau (LON:MAB1)

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