Oplink Communications, Inc Plans Quarterly Dividend of $0.05 (OPLK)
Oplink Communications (NASDAQ:OPLK) declared a quarterly dividend on Tuesday, July 29th, Stock Ratings Network.com reports. Investors of record on Thursday, August 14th will be given a dividend of 0.05 per share on Thursday, August 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.15%.
A number of analysts have recently weighed in on OPLK shares. Analysts at Sidoti upgraded shares of Oplink Communications from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. On the ratings front, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Oplink Communications in a research note on Thursday, May 1st. They now have a $19.00 price target on the stock.
Oplink Communications (NASDAQ:OPLK) traded up 6.40% on Tuesday, hitting $18.30. 64,000 shares of the company’s stock traded hands. Oplink Communications has a 52 week low of $13.91 and a 52 week high of $22.54. The stock’s 50-day moving average is $17.06 and its 200-day moving average is $17.11. The company has a market cap of $338.6 million and a price-to-earnings ratio of 45.26.
Oplink Communications, Inc designs, manufactures and sells optical networking components and subsystems.
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