Gamma Communications PLC (GAMA) Declares Dividend Increase – GBX 5 Per Share

Gamma Communications PLC (LON:GAMA) declared a dividend on Tuesday, March 21st, Upcoming.Co.Uk reports. Investors of record on Thursday, June 1st will be paid a dividend of GBX 5 ($0.06) per share on Thursday, June 22nd. This represents a dividend yield of 1.05%. The ex-dividend date is Thursday, June 1st. This is a boost from Gamma Communications PLC’s previous dividend of $2.50. The official announcement can be seen at this link.

Shares of Gamma Communications PLC (LON GAMA) traded up 2.31% during trading on Friday, hitting GBX 575.00. The company had a trading volume of 212,090 shares. The stock’s 50-day moving average is GBX 565.84 and its 200 day moving average is GBX 506.71. The firm’s market capitalization is GBX 527.10 million. Gamma Communications PLC has a 52-week low of GBX 363.00 and a 52-week high of GBX 585.63.

Dividend History for Gamma Communications PLC (LON:GAMA)

Separately, Investec boosted their target price on shares of Gamma Communications PLC from GBX 550 ($6.96) to GBX 585 ($7.40) and gave the stock a “buy” rating in a report on Tuesday, March 21st.

In other news, insider Richard Anthony Bligh sold 179,376 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of GBX 545 ($6.89), for a total transaction of £977,599.20 ($1,236,684.63). Also, insider Andrew Jonathan Stone sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of GBX 576 ($7.29), for a total transaction of £74,880 ($94,724.86). Insiders sold a total of 515,876 shares of company stock worth $273,813,920 over the last quarter.

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Gamma Communications PLC Company Profile

Gamma Communications plc (Gamma) is a provider of cloud communication services. The Company has two main operating segments: Indirect and Direct. The Indirect division sells Gamma’s traditional and growth products to channel partners. The Direct sells Gamma’s traditional and growth products to end users in the small and medium-sized enterprise (SME), Enterprise and public sectors together with an associated service wrap.

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