Gamma Communications PLC Plans Dividend of GBX 2.80 (GAMA)
Gamma Communications PLC (LON:GAMA) declared a dividend on Tuesday, September 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 21st will be given a dividend of GBX 2.80 ($0.04) per share on Thursday, October 19th. This represents a dividend yield of 0.45%. The ex-dividend date of this dividend is Thursday, September 21st. The official announcement can be seen at this link.
Gamma Communications PLC (LON GAMA) traded down 0.69% during trading on Friday, hitting GBX 578.00. The stock had a trading volume of 857 shares. The company’s market cap is GBX 529.85 million. The company has a 50 day moving average of GBX 638.63 and a 200-day moving average of GBX 576.25. Gamma Communications PLC has a 12-month low of GBX 437.00 and a 12-month high of GBX 670.00.
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In other news, insider Andrew Jonathan Stone sold 4,500 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of GBX 653 ($8.43), for a total transaction of £29,385 ($37,950.41). In the last quarter, insiders have sold 24,000 shares of company stock valued at $15,291,000.
Several brokerages have weighed in on GAMA. Royal Bank Of Canada reaffirmed a “sector performer” rating and issued a GBX 650 ($8.39) target price on shares of Gamma Communications PLC in a research report on Wednesday, September 6th. Peel Hunt reaffirmed an “add” rating and issued a GBX 733 ($9.47) target price on shares of Gamma Communications PLC in a research report on Monday, September 4th.
Gamma Communications PLC Company Profile
Gamma Communications plc (Gamma) is a provider of cloud communication services. The Company has two main operating segments: Indirect and Direct. The Indirect division sells Gamma’s traditional and growth products to channel partners. The Direct sells Gamma’s traditional and growth products to end users in the small and medium-sized enterprise (SME), Enterprise and public sectors together with an associated service wrap.
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