Aviva plc (LON:AV) Raises Dividend to GBX 23.80 Per Share

Aviva plc (LON:AV - Get Free Report) declared a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 24th will be given a dividend of GBX 23.80 ($0.31) per share on Friday, June 20th. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, April 24th. This is a 100.0% increase from Aviva's previous dividend of $11.90. The official announcement can be viewed at this link.

Aviva Stock Performance

AV traded up GBX 1.50 ($0.02) on Friday, hitting GBX 497.80 ($6.51). The company's stock had a trading volume of 7,264,256 shares. Aviva has a 12 month low of GBX 390.70 ($5.11) and a 12 month high of GBX 510.20 ($6.68). The firm has a market cap of £13.38 billion, a P/E ratio of 10.26, a price-to-earnings-growth ratio of 2.01 and a beta of 0.89. The company has a quick ratio of 1.57, a current ratio of 2.93 and a debt-to-equity ratio of 68.87. The company's 50 day simple moving average is GBX 528.82 and its 200-day simple moving average is GBX 495.85.

Aviva (LON:AV - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 23.60 ($0.31) EPS for the quarter. Aviva had a return on equity of 14.82% and a net margin of 3.52%. Analysts forecast that Aviva will post 46.4942529 EPS for the current year.

Insider Buying and Selling at Aviva

In other Aviva news, insider Amanda Blanc sold 523,728 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 555 ($7.26), for a total value of £2,906,690.40 ($3,803,075.23). 0.17% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price target on shares of Aviva from GBX 615 ($8.05) to GBX 635 ($8.31) and gave the company an "overweight" rating in a research report on Thursday, March 6th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Aviva currently has an average rating of "Buy" and an average price target of GBX 585.67 ($7.66).

About Aviva

Aviva plc provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally. The company offers life insurance, long-term health and accident insurance, savings, pension, and annuity products, as well as pension fund business and lifetime mortgage products.