International Consolidated Airlines Group S.A. (LON:IAG) to Issue Dividend of €0.06

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Investors of record on Thursday, June 26th will be given a dividend of €0.06 ($0.07) per share on Monday, June 30th. This represents a yield of 1.72%. The ex-dividend date of this dividend is Thursday, June 26th. This is a 100.0% increase from International Consolidated Airlines Group's previous dividend of $0.03. The official announcement can be viewed at this link.

International Consolidated Airlines Group Stock Performance

LON:IAG opened at GBX 327.25 ($4.43) on Tuesday. The firm has a 50-day moving average of GBX 301.07 and a two-hundred day moving average of GBX 303.60. The company has a debt-to-equity ratio of 338.12, a current ratio of 0.70 and a quick ratio of 0.63. The stock has a market cap of £19.34 billion, a P/E ratio of 6.91, a PEG ratio of 0.21 and a beta of 2.31. International Consolidated Airlines Group has a 1-year low of GBX 158.95 ($2.15) and a 1-year high of GBX 368.06 ($4.98).

Analysts Set New Price Targets

IAG has been the topic of several recent analyst reports. Jefferies Financial Group boosted their price target on International Consolidated Airlines Group from GBX 350 ($4.74) to GBX 400 ($5.42) and gave the stock a "buy" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. restated an "overweight" rating on shares of International Consolidated Airlines Group in a report on Monday, March 3rd. Peel Hunt reiterated a "buy" rating and set a GBX 420 ($5.69) target price on shares of International Consolidated Airlines Group in a research note on Tuesday, April 29th. Citigroup reissued a "buy" rating and set a GBX 390 ($5.28) price target on shares of International Consolidated Airlines Group in a research report on Monday, March 31st. Finally, Barclays cut shares of International Consolidated Airlines Group to an "underweight" rating and cut their price target for the company from GBX 420 ($5.69) to GBX 250 ($3.38) in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, International Consolidated Airlines Group has an average rating of "Moderate Buy" and a consensus target price of GBX 372 ($5.04).

About International Consolidated Airlines Group

International Consolidated Airlines Group SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, the United States, and rest of the world. It also provides aircraft leasing, aircraft maintenance, tour operation, air freight operations, call centre, ground handling, trustee, retail, IT, finance, procurement, storage and custody, aircraft technical assistance, human resources support, and airport infrastructure development services; and manages airline loyalty programmes.

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