Spirent Communications Plc (LON:SPT) announced a dividend on Thursday, March 8th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, March 15th will be paid a dividend of GBX 5.33 ($0.07) per share on Friday, May 4th. This represents a dividend yield of 4.23%. The ex-dividend date is Thursday, March 15th. This is a positive change from Spirent Communications’s previous dividend of $1.27. The official announcement can be accessed at this link.
Shares of Spirent Communications (SPT) traded down GBX 2.40 ($0.03) during trading hours on Wednesday, hitting GBX 126.60 ($1.75). 1,242,162 shares of the company’s stock were exchanged, compared to its average volume of 905,339. Spirent Communications has a 52 week low of GBX 1.15 ($0.02) and a 52 week high of GBX 131 ($1.81). The stock has a market cap of $789.15 and a P/E ratio of 4,220.00.
A number of research analysts have weighed in on SPT shares. Berenberg Bank reaffirmed a “hold” rating on shares of Spirent Communications in a report on Monday, November 20th. Barclays reaffirmed an “equal weight” rating and issued a GBX 100 ($1.38) price objective on shares of Spirent Communications in a report on Friday, January 12th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 134 ($1.85) price objective on shares of Spirent Communications in a report on Friday, January 12th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of GBX 125.80 ($1.74).
Spirent Communications Company Profile
Spirent Communications plc enables service provider networks, data centers, enterprise information technology (IT), mobile communications, connected vehicles or the Internet of Things to communicate and collaborate. The Company’s segments include Networks & Applications, Wireless & Service Positioning and Service Assurance.
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