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.

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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.