International Biotechnology (LON:IBT) Increases Dividend to GBX 14.50 Per Share

International Biotechnology (LON:IBT) announced a dividend on Wednesday, July 3rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 25th will be given a dividend of GBX 14.50 ($0.18) per share on Friday, August 23rd. This represents a dividend yield of 2.28%. The ex-dividend date is Thursday, July 25th. This is a positive change from International Biotechnology’s previous dividend of $13.90. The official announcement can be accessed at this link.

International Biotechnology Trading Up 1.2 %

Shares of IBT stock opened at GBX 643.67 ($8.14) on Friday. International Biotechnology has a 52-week low of GBX 548 ($6.93) and a 52-week high of GBX 704 ($8.90). The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.32 and a current ratio of 0.27. The company has a 50-day simple moving average of GBX 638.97 and a two-hundred day simple moving average of GBX 645.45. The company has a market capitalization of £251.93 million, a price-to-earnings ratio of 606.67 and a beta of 0.18.

About International Biotechnology

International Biotechnology Trust plc specializes in investments in development stage and late stage companies. The majority of the fund's assets are generally invested in smaller and mid-capitalization quoted companies, with a minority in larger capitalization quoted companies. It makes long only investments.