Iomart Group Plc (IOM) to Issue GBX 2.25 Dividend
Iomart Group Plc (LON:IOM) declared a dividend on Tuesday, December 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 21st will be given a dividend of GBX 2.25 ($0.03) per share on Wednesday, January 31st. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, December 21st. The official announcement can be seen at this link.
Iomart Group (LON IOM) traded up GBX 17 ($0.23) during midday trading on Friday, hitting GBX 390 ($5.25). 104,035 shares of the stock traded hands, compared to its average volume of 113,392. Iomart Group has a 1-year low of GBX 280 ($3.77) and a 1-year high of GBX 394.75 ($5.31).
IOM has been the subject of several research reports. FinnCap reaffirmed a “corporate” rating and issued a GBX 400 ($5.38) price target on shares of Iomart Group in a report on Thursday, November 9th. Peel Hunt lifted their price target on shares of Iomart Group from GBX 388 ($5.22) to GBX 405 ($5.45) and gave the company a “buy” rating in a report on Wednesday, November 1st. N+1 Singer raised shares of Iomart Group to a “buy” rating and set a GBX 388 ($5.22) price target for the company in a report on Tuesday, August 22nd. Finally, Shore Capital reissued a “buy” rating on shares of Iomart Group in a research note on Tuesday, December 5th.
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iomart Group plc is a holding company. The Company is engaged in providing secure managed hosting and cloud services. The Company operates through two segments: Easyspace and Cloud Services. The Easyspace segment provides a range of shared hosting and domain registration services to micro, and small and medium-sized enterprises (SME) companies.
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