Focusrite plc (LON:TUNE) Declares Dividend of GBX 4.50

Focusrite plc (LON:TUNE) declared a dividend on Wednesday, November 27th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Tuesday, December 24th will be paid a dividend of GBX 4.50 ($0.06) per share on Friday, February 7th. This represents a dividend 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 Stock Up 0.4 %

TUNE stock opened at GBX 251 ($3.15) on Friday. The company has a market cap of £147.06 million, a price-to-earnings ratio of 1,255.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.04. The company has a fifty day moving average price of GBX 252.67 and a 200 day moving average price of GBX 313.31. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.53 and a quick ratio of 0.77. Focusrite has a 12 month low of GBX 220 ($2.76) and a 12 month high of GBX 610 ($7.67).

Analysts Set New Price Targets

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 410 ($5.15) target price 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.