Micro Focus International plc (LON:MCRO) announced a dividend on Wednesday, July 12th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, August 3rd will be paid a dividend of GBX 45.22 ($0.60) per share on Friday, August 25th. This represents a dividend yield of 2.24%. The ex-dividend date is Thursday, August 3rd. This is an increase from Micro Focus International plc’s previous dividend of $23.60. The official announcement can be viewed at this link.

Shares of Micro Focus International plc (LON:MCRO) opened at 2203.00 on Wednesday. The firm has a 50 day moving average price of GBX 2,274.50 and a 200-day moving average price of GBX 2,309.81. The company’s market cap is GBX 5.06 billion. Micro Focus International plc has a 12 month low of GBX 1,810.00 and a 12 month high of GBX 2,675.00.

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Several brokerages recently issued reports on MCRO. Barclays PLC reiterated an “overweight” rating and issued a GBX 2,600 ($34.30) price target on shares of Micro Focus International plc in a research note on Monday. Deutsche Bank AG reiterated a “buy” rating and issued a GBX 2,800 ($36.93) price target on shares of Micro Focus International plc in a research note on Thursday, July 13th. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 2,215 ($29.22) price target on shares of Micro Focus International plc in a research note on Tuesday, July 18th. Investec reiterated a “hold” rating and issued a GBX 2,150 ($28.36) price target on shares of Micro Focus International plc in a research note on Thursday, July 13th. Finally, Numis Securities Ltd reiterated an “add” rating and issued a GBX 2,740 ($36.14) price target on shares of Micro Focus International plc in a research note on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Micro Focus International plc currently has a consensus rating of “Hold” and an average price target of GBX 2,400.18 ($31.66).

In other news, insider Kevin Loosemore purchased 49,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The stock was bought at an average cost of GBX 2,171 ($28.64) per share, for a total transaction of £1,063,790 ($1,403,231.76).

About Micro Focus International plc

Micro Focus International plc is a United Kingdom-based global software company. The Company is engaged in delivering and supporting software solutions. The Company enables customers to utilize new technology solutions while maximizing the value of their investments in information technology (IT) infrastructure and business applications.

Dividend History for Micro Focus International plc (LON:MCRO)

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