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Plus500 Results and Dividend Review for 2019 Company Performance

Plus500, founded in 2008. is a regulated, licenced broker trading Contracts for Difference (CFDs) and is part of the FTSE 250 Index.

Plus500 announced a final dividend of $0.3767 per share for the year ended 31 December 2019. This compares to a final dividend in 2018 of $0.6191 per share.

The ex-dividend date is 27 February 2020 and a payment date of 13 July 2020.

Plus500 has a dividend policy to return at least 60% of net profits to shareholders.

Plus500 plans to conduct a further share buyback programme in 2020 to purchase up to $30 million of company shares.

The share price is currently trading at 902 from a high of 950 mid-January.

Current dividend yield performance for plus500 is 7.59%. This is more than double the average performance for the sector of 3.34% and average performance for the FTSE 250 of 3.50%.

Plus500’s dividend yield for the last seven years has been erratic but has had a trajectory upwards, with a starting point of 7.74%.

Plus500’s current price earning ratio is 3 against FTSE 250 average of 40, this may imply plus500 is currently undervalued by the market which suggests the share price may have some growth.

Plus500 is a CFD platform and offers CFD trading only and you have no ownership of the shares. If you hold a buy position you will receive the dividend as a positive adjustment to your account. However, if you hold a sell position there will be a negative adjustment. Attachment 1.0.

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