Sky Plc (SKY) to Issue Dividend of GBX 20.95 on October 28th
Sky Plc (LON:SKY) announced a dividend on Thursday, July 28th. Stockholders of record on Thursday, October 6th will be given a dividend of GBX 20.95 ($0.27) per share on Friday, October 28th. This represents a dividend yield of 2.32%. The ex-dividend date is Thursday, October 6th. This is a boost from Sky Plc’s previous dividend of $12.55. The official announcement can be seen at this link.
Shares of Sky Plc (LON:SKY) opened at 894.00 on Friday. The stock has a 50 day moving average price of GBX 858.51 and a 200 day moving average price of GBX 915.62. The firm’s market capitalization is GBX 15.27 billion. Sky Plc has a 12-month low of GBX 560.00 and a 12-month high of GBX 1,134.00.
In other Sky Plc news, insider Sukawaty,Andrew (Andy) purchased 114 shares of Sky Plc stock in a transaction on Friday, August 26th. The stock was bought at an average price of GBX 870 ($11.36) per share, for a total transaction of £991.80 ($1,294.61). Also, insider Dave Lewis purchased 337 shares of Sky Plc stock in a transaction on Tuesday, September 27th. The shares were acquired at an average price of GBX 842 ($10.99) per share, with a total value of £2,837.54 ($3,703.88).
Several equities analysts have recently weighed in on the company. Kepler Capital Markets reaffirmed a “hold” rating and issued a GBX 1,100 ($14.36) price objective on shares of Sky Plc in a research note on Tuesday, July 26th. Beaufort Securities reaffirmed a “buy” rating on shares of Sky Plc in a research note on Friday, July 29th. Shore Capital reaffirmed a “buy” rating on shares of Sky Plc in a research note on Friday, June 10th. Morgan Stanley reiterated an “equal weight” rating and set a GBX 1,100 ($14.36) target price on shares of Sky Plc in a report on Monday, June 6th. Finally, BNP Paribas reiterated an “outperform” rating and set a GBX 1,075 ($14.03) target price on shares of Sky Plc in a report on Monday, June 27th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. Sky Plc presently has an average rating of “Hold” and a consensus target price of GBX 1,050.41 ($13.71).
About Sky Plc
Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.
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