Experian's share price (LON: EXPN) has continued to follow markets downward, with a 1.11% dip through the morning session bringing the cumulative 5 day decline to 3.37%. The stock continues to trade around the mid-point of it's 52 week range, with gains of 11.18% on a year-to-date basis more than double that of the FTSE 100‘s 3.97% over the same time-frame.
With global markets taking a turn off the back of the U.S. Federal Reserve's comments, Experian continue to push forward. The global data and technology company announced details of its first interim dividend for the fiscal year 2025. Experian's dividend is set at 19.25 US cents per share.
This dividend is scheduled for payment on February 7, 2025. Shareholders who wish to receive their dividends in specific currencies or who want to avoid the Irish withholding tax need to make their election by January 10, 2025.
Headquartered in Dublin, Ireland, Experian employs approximately 22,500 people across 32 countries. The company's current market capitalization stands at $40.06 billion, reflecting its significant presence in the global technology sector.
In recent weeks, JP Morgan hiked their price target on Experian from 4,100 to 4,400, whilst remaining overweight on the stock. This represents a significant potential upside from recent price action in the mid 3,400 range if their price target is to be achieved.
While Experian continues to take strategic steps in delivering shareholder value through dividend announcements, the sentiment also remains relatively bullish. The company's expansive operations, paired with its substantial market cap, underscore its pivotal role in the global data and technology landscape.
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