InterContinental Hotels Group PLC (LON:IHG) Raises Dividend to $1.14 Per Share

InterContinental Hotels Group PLC (LON:IHG) declared a dividend on Tuesday, February 18th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be given a dividend of $1.14 per share on Thursday, May 15th. This represents a yield of 1.03%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 115.0% increase from InterContinental Hotels Group’s previous dividend of $0.53. The official announcement can be viewed at this link.

InterContinental Hotels Group Stock Up 0.4 %

Shares of IHG opened at GBX 8,284 ($107.03) on Tuesday. The company has a debt-to-equity ratio of -162.30, a current ratio of 0.85 and a quick ratio of 1.35. The stock has a market capitalization of £16.61 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98. InterContinental Hotels Group has a 1 year low of GBX 7,032 ($90.85) and a 1 year high of £109.75 ($141.80). The business’s 50 day simple moving average is GBX 9,732.32 and its 200-day simple moving average is GBX 9,280.50.

Analysts Set New Price Targets

A number of research firms recently issued reports on IHG. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 95 ($1.23) price target on shares of InterContinental Hotels Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 7,800 ($100.78) target price on shares of InterContinental Hotels Group in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 5,898.75 ($76.21).

Insider Buying and Selling

In other news, insider Byron Elmer Grote purchased 400 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of £127.25 ($164.41) per share, for a total transaction of £50,900 ($65,762.27). 5.99% of the stock is owned by corporate insiders.

InterContinental Hotels Group Company Profile

Our presence
IHG® Hotels & Resorts is a global hospitality company,
with 19 hotel brands, one of the industry’s largest
loyalty programmes, over 6,300 open hotels in more
than 100 countries, and a further 1,800 hotels in our
development pipeline.

Our ambition
To deliver industry-leading growth in our scale,
enterprise platform and performance, doing so
sustainably for all stakeholders, including our hotel
owners, guests and society as a whole.

Our strategy
To use our scale and expertise to create the
exceptional guest experiences and owner returns
needed to grow our brands in the industry’s most
valuable markets and segments.