Focusrite plc (LON:TUNE) Raises Dividend to GBX 4.50 Per Share

Focusrite plc (LON:TUNE) announced a dividend on Wednesday, November 27th,Upcoming Dividends.Co.Uk reports. Investors of record on Tuesday, December 24th will be given a dividend of GBX 4.50 ($0.06) per share on Friday, February 7th. This represents a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 24th. This is a boost from Focusrite’s previous dividend of $2.10. The official announcement can be seen at this link.

Focusrite Stock Up 1.8 %

Focusrite stock opened at GBX 269.90 ($3.42) on Thursday. Focusrite has a 52 week low of GBX 220 ($2.79) and a 52 week high of GBX 610 ($7.73). The stock has a market cap of £158.13 million, a price-to-earnings ratio of 1,302.50, a PEG ratio of 2.95 and a beta of 1.04. The company’s 50-day moving average price is GBX 250.77 and its two-hundred day moving average price is GBX 326.51. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 30.62.

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 410 ($5.20) target price on shares of Focusrite in a report on Friday, August 30th.

About Focusrite

Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sonnox, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesizers, grooveboxes, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.