IWG plc (LON:IWG) Increases Dividend to $0.01 Per Share

IWG plc (LON:IWG - Get Free Report) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 1st will be given a dividend of $0.01 per share on Friday, May 30th. This represents a yield of 0.39%. The ex-dividend date of this dividend is Thursday, May 1st. This is a 109.3% increase from IWG's previous dividend of $0.0043. The official announcement can be viewed at this link.

IWG Stock Performance

LON:IWG traded down GBX 1 ($0.01) during mid-day trading on Friday, hitting GBX 185.60 ($2.46). The stock had a trading volume of 1,066,904 shares, compared to its average volume of 5,680,473. The company has a current ratio of 0.41, a quick ratio of 0.45 and a debt-to-equity ratio of 12,629.31. The company has a 50 day simple moving average of GBX 178.27 and a 200-day simple moving average of GBX 171.70. The stock has a market capitalization of £1.86 billion, a price-to-earnings ratio of -13.80, a P/E/G ratio of -5.59 and a beta of 2.10. IWG has a 52 week low of GBX 146 ($1.94) and a 52 week high of GBX 211 ($2.80).

IWG announced that its board has authorized a share buyback plan on Tuesday, March 4th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its stock is undervalued.

IWG Company Profile

IWG plc, together with its subsidiaries, provides workspace solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers office, coworking and collaboration, flexible and scalable, meeting, and lounges spaces; workplace recovery; memberships workspaces; and reception services and conference products.