Gamma Communications plc (LON:GAMA) Plans Dividend Increase – GBX 13 Per Share

Gamma Communications plc (LON:GAMA) announced a dividend on Tuesday, March 25th, DividendData.Co.Uk reports. Investors 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 viewed at this link.

Gamma Communications Stock Performance

Shares of LON GAMA traded up GBX 8 ($0.10) during midday trading on Wednesday, reaching GBX 1,268 ($16.42). The company had a trading volume of 1,591,191 shares, compared to its average volume of 422,695. Gamma Communications has a 1 year low of GBX 1,192.95 ($15.44) and a 1 year high of GBX 1,917.60 ($24.83). The business’s 50-day simple moving average is GBX 1,320.23 and its 200 day simple 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. The stock has a market cap of £1.21 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.79 and a beta of 0.82.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on GAMA shares. Shore Capital reiterated a “buy” rating on shares of Gamma Communications in a research report on Tuesday. Berenberg Bank restated a “buy” rating and set a GBX 1,900 ($24.60) price objective 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.