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

Focusrite plc (LON:TUNE) declared a dividend on Wednesday, November 27th,Upcoming Dividends.Co.Uk reports. Shareholders 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 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 Price Performance

TUNE stock traded up GBX 1.50 ($0.02) during trading on Wednesday, hitting GBX 260.50 ($3.27). The company had a trading volume of 93,841 shares, compared to its average volume of 90,795. The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 30.62. The company has a market cap of £152.63 million, a P/E ratio of 1,295.00, a P/E/G ratio of 2.95 and a beta of 1.04. Focusrite has a fifty-two week low of GBX 220 ($2.77) and a fifty-two week high of GBX 610 ($7.67). The company has a fifty day moving average price of GBX 251.29 and a two-hundred day moving average price of GBX 327.37.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 410 ($5.15) price objective on shares of Focusrite in a research report 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.