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

Gamma Communications plc (LON:GAMA - Get Free Report) announced a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Shareholders 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 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 accessed at this link.

Gamma Communications Stock Down 2.5 %

LON:GAMA traded down GBX 32 ($0.41) during mid-day trading on Friday, hitting GBX 1,232 ($15.95). The stock had a trading volume of 479,391 shares, compared to its average volume of 448,976. 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 ($24.82). The company has a market capitalization of £1.18 billion, a PE ratio of 21.01, a PEG ratio of 2.79 and a beta of 0.82. The stock has a 50-day simple moving average of GBX 1,315.27 and a two-hundred day simple moving average of GBX 1,496.12.

Gamma Communications (LON:GAMA - Get Free Report) last released its quarterly earnings data on Tuesday, March 25th. The company reported GBX 85.10 ($1.10) earnings per share (EPS) for the quarter. Gamma Communications had a net margin of 10.29% and a return on equity of 16.09%. On average, equities research analysts anticipate that Gamma Communications will post 89.6398892 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on GAMA. Shore Capital reaffirmed a "buy" rating on shares of Gamma Communications in a research report on Tuesday, March 25th. Berenberg Bank restated a "buy" rating and set a GBX 1,900 ($24.59) target price on shares of Gamma Communications in a research note on Tuesday, January 14th.

About Gamma Communications

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.