Focusrite PLC (LON:TUNE) declared a dividend on Tuesday, November 22nd. Investors of record on Thursday, December 1st will be paid a dividend of GBX 1.30 ($0.02) per share on Wednesday, January 18th. This represents a yield of 0.71%. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Focusrite PLC’s previous dividend of $0.65. The official announcement can be seen at this link.

Focusrite PLC (LON:TUNE) opened at 188.50 on Friday. The stock’s market cap is GBX 100.75 million. The company has a 50-day moving average of GBX 168.34 and a 200-day moving average of GBX 157.41. Focusrite PLC has a 52 week low of GBX 136.00 and a 52 week high of GBX 195.00.

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 223 ($2.79) target price on shares of Focusrite PLC in a report on Tuesday.

In related news, insider David Rollins Froker acquired 619,000 shares of the company’s stock in a transaction dated Thursday, November 24th. The stock was bought at an average price of GBX 10 ($0.12) per share, with a total value of £61,900 ($77,336.33).

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Focusrite PLC Company Profile

Focusrite Plc is a United Kingdom-based company engaged in the development, manufacture and marketing of professional audio and electronic music products. The Company’s segments are Focusrite, which includes sales of Focusrite branded products; Novation, which includes sales of Novation branded products, and Distribution, which is engaged in the distribution of third-party brands, including KRK speakers, Ableton, Stanton, Cerwin Vega and Cakewalk.

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