Polar Capital Holdings plc (POLR) To Go Ex-Dividend on July 4th

Polar Capital Holdings plc (LON:POLR) declared a dividend on Monday, June 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 4th will be paid a dividend of GBX 25 ($0.33) per share on Friday, July 26th. This represents a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, July 4th. This is a positive change from Polar Capital’s previous dividend of $8.00. The official announcement can be accessed at this link.

Shares of LON POLR opened at GBX 605.10 ($7.91) on Wednesday. Polar Capital has a twelve month low of GBX 447 ($5.84) and a twelve month high of GBX 738 ($9.64). The business’s fifty day moving average price is GBX 572.68. The company has a market capitalization of $568.24 million and a P/E ratio of 12.82.

A number of brokerages recently weighed in on POLR. Shore Capital reissued a “buy” rating on shares of Polar Capital in a research note on Monday. Peel Hunt reissued a “buy” rating and set a GBX 710 ($9.28) target price (up previously from GBX 640 ($8.36)) on shares of Polar Capital in a research note on Thursday, June 20th. Finally, Numis Securities lowered their target price on shares of Polar Capital from GBX 645 ($8.43) to GBX 640 ($8.36) and set an “add” rating for the company in a research note on Wednesday, June 5th.

In related news, insider Quintin Price purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of GBX 600 ($7.84) per share, with a total value of £60,000 ($78,400.63).

Polar Capital Company Profile

Polar Capital Holdings plc is a publicly owned investment manager. The firm provides its services to professional and institutional investors. It launches and manages equity and balanced mutual funds. The firm also launches and manages hedge funds for its clients. Polar Capital Holdings plc was founded in December 2000 and is based in London, United Kingdom with an additional office in Tokyo, Japan.

Recommended Story: What is a Real Estate Investment Trust (REIT)?

Dividend History for Polar Capital (LON:POLR)

Receive News & Ratings for Polar Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Capital and related companies with MarketBeat.com's FREE daily email newsletter.