IDOX plc (LON:IDOX) Increases Dividend to GBX 0.70 Per Share

IDOX plc (LON:IDOX) announced a dividend on Tuesday, January 28th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of GBX 0.70 ($0.01) per share on Thursday, April 17th. This represents a yield of 1.18%. The ex-dividend date is Thursday, April 3rd. This is a 16.7% increase from IDOX’s previous dividend of $0.60. The official announcement can be seen at this link.

IDOX Stock Performance

LON:IDOX opened at GBX 57.50 ($0.74) on Tuesday. The business’s fifty day moving average price is GBX 59.48 and its 200 day moving average price is GBX 60.78. The firm has a market capitalization of £262.94 million, a PE ratio of 47.46, a price-to-earnings-growth ratio of 3.15 and a beta of 0.38. IDOX has a 12 month low of GBX 53.31 ($0.69) and a 12 month high of GBX 69 ($0.89). The company has a debt-to-equity ratio of 30.03, a current ratio of 0.70 and a quick ratio of 1.00.

IDOX (LON:IDOX) last released its quarterly earnings results on Tuesday, January 28th. The company reported GBX 2.63 ($0.03) earnings per share (EPS) for the quarter. IDOX had a return on equity of 7.18% and a net margin of 6.82%. On average, sell-side analysts anticipate that IDOX will post 2.7173913 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IDOX shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 90 ($1.16) price objective on shares of IDOX in a research note on Friday, March 14th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 81 ($1.05) price target on shares of IDOX in a report on Tuesday, January 28th.

IDOX Company Profile

IDOX plc, through its subsidiaries, provides software and services for the management of local government and other organizations in the United Kingdom, the United States, rest of Europe, and internationally. The company operates through three segments: Land, Property & Public Protection; Communities; and Assets.