Hiscox Announces Scrip Dividend Reference Price

An announcement from Hiscox ( (GB:HSX) ) is now available.

Hiscox Ltd has announced the Scrip Reference Share Price for its scrip dividend alternative, set at 1,237p. This price is determined based on the average closing market quotations from the London Stock Exchange over a specified period. The scrip dividend alternative allows shareholders to receive dividends in the form of additional shares rather than cash, with the Pound Sterling equivalent of the dividend being 22.23p per share. This move could impact shareholder value and influence the company’s financial strategy by offering flexibility in dividend payments.

The most recent analyst rating on (GB:HSX) stock is a Hold with a £13.30 price target. To see the full list of analyst forecasts on Hiscox stock, see the GB:HSX Stock Forecast page.

Spark’s Take on GB:HSX Stock

According to Spark, TipRanks’ AI Analyst, GB:HSX is a Outperform.

Hiscox demonstrates a solid overall performance with strong technical indicators and an attractive valuation. The company’s strategic initiatives, including share buybacks and positive earnings call highlights, enhance its appeal. However, challenges in cash flow and profit margins warrant attention.

To see Spark’s full report on GB:HSX stock, click here.

More about Hiscox

Hiscox Ltd is a global insurance company, primarily offering a range of insurance products and services. The company focuses on providing specialized insurance solutions for businesses and high-net-worth individuals, with a strong presence in the UK and international markets.

Average Trading Volume: 1,258,485

Technical Sentiment Signal: Buy

Current Market Cap: £4.25B

Learn more about HSX stock on TipRanks’ Stock Analysis page.