Focusrite plc (LON:TUNE) Announces Dividend of GBX 2.10

Focusrite plc (LON:TUNE) announced a dividend on Thursday, April 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 2.10 ($0.03) per share on Monday, June 10th. This represents a yield of 0.57%. The ex-dividend date of this dividend is Thursday, May 9th. The official announcement can be seen at this link.

Focusrite Stock Performance

Shares of TUNE stock opened at GBX 382.86 ($4.81) on Wednesday. The firm’s 50 day moving average is GBX 352.88 and its 200 day moving average is GBX 447.46. The stock has a market capitalization of £224.32 million, a P/E ratio of 1,850.00, a PEG ratio of 2.95 and a beta of 1.07. Focusrite has a 12 month low of GBX 245 ($3.08) and a 12 month high of GBX 610 ($7.66). The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 30.62.

Analyst Ratings Changes

Separately, Berenberg Bank restated a “buy” rating and set a GBX 410 ($5.15) target price on shares of Focusrite in a research report on Wednesday, May 1st.

Insider Activity

In related news, insider Sally McKone purchased 6,900 shares of Focusrite stock in a transaction dated Tuesday, March 19th. The stock was bought at an average cost of GBX 292 ($3.67) per share, for a total transaction of £20,148 ($25,311.56). In related news, insider Timothy Paul Carrol purchased 3,386 shares of Focusrite stock in a transaction dated Thursday, March 21st. The stock was bought at an average cost of GBX 295 ($3.71) per share, for a total transaction of £9,988.70 ($12,548.62). Also, insider Sally McKone purchased 6,900 shares of Focusrite stock in a transaction dated Tuesday, March 19th. The stock was bought at an average price of GBX 292 ($3.67) per share, with a total value of £20,148 ($25,311.56). 37.01% of the stock is owned by company insiders.

Focusrite Company Profile

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.