Ithaca Energy plc (LON:ITH) to Issue Dividend Increase – $0.12 Per Share

Ithaca Energy plc (LON:ITH) announced a dividend on Thursday, November 21st,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 28th will be given a dividend of $0.12 per share on Friday, December 20th. This represents a yield of 9.56%. The ex-dividend date is Thursday, November 28th. This is a positive change from Ithaca Energy’s previous dividend of $0.10. The official announcement can be accessed at this link.

Ithaca Energy Stock Up 4.6 %

Shares of ITH stock opened at GBX 114 ($1.44) on Friday. Ithaca Energy has a 12 month low of GBX 94.38 ($1.19) and a 12 month high of GBX 170 ($2.14). The company’s fifty day simple moving average is GBX 104.07 and its 200-day simple moving average is GBX 116.87. The firm has a market cap of £1.88 billion and a PE ratio of 908.33.

Ithaca Energy Company Profile

Ithaca Energy plc, together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the North Sea. The company own a portfolio of assets located in Northern and Central North Sea, Moray Firth, and West of Shetland area of the UKCS. Ithaca Energy plc was formerly known as Delek North Sea Limited and changed its name to Ithaca Energy plc in October 2022.