London Stock Exchange Group plc Increases Dividend to $0.23 Per Share

London Stock Exchange Group plc (OTCMKTS:LNSTY) has announced a notable dividend increase on Monday, March 24th. Investors who are on the stockholder records by Tuesday, April 22nd, will receive a dividend of $0.2309 per share to be paid out on Thursday, June 5th. The ex-dividend date is also set for Tuesday, April 22nd. This increase represents a remarkable 100.7% rise from the previous dividend of $0.12.

Stock Performance

On Monday, shares of OTCMKTS LNSTY ended the day down by $0.12, reaching a price of $36.79. In total, 229,438 shares were traded, which is lower than the average volume of 534,492 shares. The company's fifty-day moving average stands at $36.73, while the two-hundred day moving average is recorded at $35.74. Over the past year, London Stock Exchange Group has seen a low of $27.21 and a high of $38.38.

Analyst Ratings

In a separate development, Citigroup has upgraded the shares of London Stock Exchange Group to a "strong-buy" rating, as reported on January 28th.

About London Stock Exchange Group

London Stock Exchange Group plc is a major player in financial market infrastructure and data services, operating primarily in the United Kingdom and beyond. The company is divided into three main segments: Data & Analytics, Capital Markets, and Post Trade. It manages a variety of international markets including equities, fixed income, exchange-traded funds/products, and foreign exchange markets through platforms such as the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.

Future Investment Considerations

Before considering an investment in London Stock Exchange Group, investors should be informed that while it currently holds a Strong Buy rating among analysts, there are five other stocks being recommended which may present better investment opportunities.

dividend, stocks, finance