Focusrite plc (LON:TUNE) Increases 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 an increase from Focusrite’s previous dividend of $2.10. The official announcement can be viewed at this link.

Focusrite Stock Up 1.8 %

TUNE stock opened at GBX 269.90 ($3.42) on Thursday. Focusrite has a 12 month low of GBX 220 ($2.79) and a 12 month high of GBX 610 ($7.73). The firm has a 50 day simple moving average of GBX 250.77 and a 200 day simple moving average of GBX 326.51. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.53 and a quick ratio of 0.77. The firm has a market cap of £158.13 million, a PE ratio of 1,302.50, a P/E/G ratio of 2.95 and a beta of 1.04.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 410 ($5.20) price objective on shares of Focusrite in a research note on Friday, August 30th.

Focusrite Company Profile

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.