Spirent Communications Plc (OTCMKTS:SPMYY) Declares Dividend Increase – $0.07 Per Share
Spirent Communications Plc (OTCMKTS:SPMYY) announced a Semi-Annual dividend on Thursday, August 8th, Zacks reports. Investors of record on Monday, August 19th will be given a dividend of 0.068 per share by the technology company on Friday, September 13th. The ex-dividend date is Friday, August 16th. This is a boost from Spirent Communications’s previous Semi-Annual dividend of $0.06.
SPMYY stock remained flat at $$7.97 during trading on Wednesday. The company had a trading volume of 300 shares, compared to its average volume of 187. Spirent Communications has a 12 month low of $5.82 and a 12 month high of $8.74. The stock has a market capitalization of $1.22 billion, a PE ratio of 18.53, a PEG ratio of 2.77 and a beta of 0.68. The company’s fifty day simple moving average is $8.00.
SPMYY has been the topic of several research analyst reports. Zacks Investment Research upgraded Spirent Communications from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Friday, August 9th. ValuEngine upgraded Spirent Communications from a “hold” rating to a “buy” rating in a report on Thursday, July 11th.
Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.
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