CMC Markets (LON:CMCX) Sets New 1-Year High Following Dividend Announcement

Shares of CMC Markets Plc (LON:CMCX) reached a new 52-week high on Thursday after the company announced a dividend. The stock traded as high as GBX 349 ($4.38) and last traded at GBX 333.50 ($4.18), with a volume of 253988 shares trading hands. The stock had previously closed at GBX 338.50 ($4.24).

The newly announced dividend which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 3.10 ($0.04) per share. This represents a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, December 5th. CMC Markets’s dividend payout ratio is currently 4,705.88%.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “hold” rating on shares of CMC Markets in a report on Thursday.

CMC Markets Trading Down 8.5 %

The company has a quick ratio of 2.47, a current ratio of 2.00 and a debt-to-equity ratio of 5.95. The stock has a market capitalization of £738.72 million, a PE ratio of 1,585.29 and a beta of 0.51. The firm has a 50 day moving average price of GBX 313.30 and a 200 day moving average price of GBX 304.62.

Insider Buying and Selling

In other CMC Markets news, insider Albert Soleiman bought 96 shares of CMC Markets stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average cost of GBX 316 ($3.96) per share, with a total value of £303.36 ($380.29). Also, insider David Fineberg acquired 94 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of GBX 318 ($3.99) per share, with a total value of £298.92 ($374.73). In the last 90 days, insiders bought 288 shares of company stock valued at $89,922. 64.79% of the stock is owned by insiders.

CMC Markets Company Profile

CMC Markets plc, together with its subsidiaries, provides online retail financial services to retail, professional, stockbroking, and institutional clients in the United Kingdom, Ireland, Europe, Australia, New Zealand, Singapore, Canada, and internationally. The company offers its clients with the ability to trade contracts for difference and financial spread betting on a range of underlying shares, including indices, foreign currencies, commodities, and treasuries through its trading platform.