International Consolidated Airlines Group S.A. (LON:IAG) Raises Dividend to €0.06 Per Share

International Consolidated Airlines Group S.A. (LON:IAG - Get Free Report) announced a dividend on Friday, February 28th, DividendData.Co.Uk reports. Stockholders 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 dividend yield of 1.72%. The ex-dividend date 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 Price Performance

LON:IAG traded up GBX 6.80 ($0.09) during mid-day trading on Friday, reaching GBX 339.30 ($4.66). 14,747,971 shares of the stock were exchanged, compared to its average volume of 25,079,625. The company has a current ratio of 0.70, a quick ratio of 0.63 and a debt-to-equity ratio of 338.12. The business has a fifty day moving average price of GBX 306.02 and a 200 day moving average price of GBX 304.46. International Consolidated Airlines Group has a 1-year low of GBX 158.95 ($2.18) and a 1-year high of GBX 368.06 ($5.05). The firm has a market capitalization of £20.05 billion, a PE ratio of 7.17, a PEG ratio of 0.21 and a beta of 2.31.

Wall Street Analysts Forecast Growth

IAG has been the topic of a number of research reports. Barclays downgraded shares of International Consolidated Airlines Group to an "underweight" rating and dropped their target price for the stock from GBX 420 ($5.76) to GBX 250 ($3.43) in a report on Wednesday, March 12th. Peel Hunt reaffirmed a "buy" rating and set a GBX 420 ($5.76) price objective on shares of International Consolidated Airlines Group in a research note on Tuesday, April 29th. Citigroup restated a "buy" rating and set a GBX 390 ($5.35) price target on shares of International Consolidated Airlines Group in a report on Monday, March 31st. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of International Consolidated Airlines Group in a research note on Monday, March 3rd. Finally, Jefferies Financial Group boosted their target price on shares of International Consolidated Airlines Group from GBX 350 ($4.80) to GBX 400 ($5.49) and gave the company a "buy" rating in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 372 ($5.10).

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.