Gamma Communications plc (LON:GAMA) Raises Dividend to GBX 13 Per Share

Gamma Communications plc (LON:GAMA) announced a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 29th will be given a dividend of GBX 13 ($0.17) per share on Thursday, June 19th. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, May 29th. This is a 100.0% increase from Gamma Communications’s previous dividend of $6.50. The official announcement can be seen at this link.

Gamma Communications Price Performance

LON:GAMA traded up GBX 8 ($0.10) during trading hours on Wednesday, reaching GBX 1,268 ($16.42). 1,591,191 shares of the company were exchanged, compared to its average volume of 422,695. The firm has a market cap of £1.21 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.82. The stock’s 50-day moving average is GBX 1,320.23 and its 200-day moving average is GBX 1,501.02. The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.08. Gamma Communications has a twelve month low of GBX 1,192.95 ($15.44) and a twelve month high of GBX 1,917.60 ($24.83).

Gamma Communications (LON:GAMA) last posted its earnings results on Tuesday, March 25th. The company reported GBX 85.10 ($1.10) earnings per share for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. On average, sell-side analysts anticipate that Gamma Communications will post 89.6398892 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GAMA shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,900 ($24.60) target price on shares of Gamma Communications in a research note on Tuesday, January 14th. Shore Capital reaffirmed a “buy” rating on shares of Gamma Communications in a report on Tuesday.

Gamma Communications Company Profile

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.