Focusrite plc (TUNE) to Issue Dividend of GBX 4.50 on February 7th

Focusrite plc (LON:TUNE) declared 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 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 Down 3.0 %

Shares of LON TUNE opened at GBX 271.50 ($3.45) on Friday. The company has a market capitalization of £159.07 million, a price-to-earnings ratio of 1,350.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. 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 business has a 50-day moving average of GBX 250.32 and a two-hundred day moving average of GBX 325.70. Focusrite has a 1 year low of GBX 220 ($2.79) and a 1 year high of GBX 610 ($7.74).

Analyst Ratings Changes

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

About Focusrite

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.