Moneysupermarket.com Group (MONY) Says U.K. Has “Caught The Money-Saving Bug”

MoneySavingExpert.com has added to what we offer consumers.  Our brands-while continuing to operate independently-give us a greater ability to help more customers and will accelerate progress toward our goal of helping every consumer make the most of their money.

Following a 30% increase to the final dividend (3.94 pence), Moneysupermarket.com Group (LON:MONY)  raised its ordinary dividend for the year by 27% to 5.74 pence. This is ahead of the previous year’s 4.53%; however, there was no special dividend this year in contrast to 2011’s additional 3.93 pence per share.

The company’s initial flotation in 2007 was generally considered a flop by analysts; having been originally priced at 170 pence, over the next couple of years the shares fell sharply down to 34.5 pence at 2009’s nadir. However, they have since then proved their worth and realized their growth potential, more than doubling by 2011 and increasing another twofold by the start of this year, where they surpassed 160 pence.

It took only two weeks until mid-January for the shares to regain their original value, and have since carried on the spurt to reach a high of 204 pence today, with CEO Plumb commenting: “January and February have been good months for us and we expect another record year.” This indicates that 2013 could continue to be fruitful for Moneysupermarket, as consumers continue to look for ways to cut costs from their day-to-day lives. As ever, make sure to do your own research if you are interested in joining the FTSE 250 company’s growth story at this stage — today’s news is sure to encourage potential investors, though.

The article Moneysupermarket.com Group Says U.K. Has “Caught The Money-Saving Bug” originally appeared on Fool.com and is written by Sam Robson.

Sam does not own shares in Moneysupermarket.

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