Sky Plc (LON:SKY) Plans Dividend Increase – GBX 13.06 Per Share

Sky Plc (LON:SKY) declared a dividend on Thursday, January 25th, Upcoming.Co.Uk reports. Investors of record on Thursday, March 22nd will be paid a dividend of GBX 13.06 ($0.18) per share on Monday, April 23rd. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, March 22nd. This is a positive change from SKY’s previous dividend of $10.00. The official announcement can be accessed at this link.

SKY stock traded up GBX 1.50 ($0.02) during mid-day trading on Friday, reaching GBX 1,315.50 ($18.47). The company had a trading volume of 1,416,500 shares, compared to its average volume of 5,600,000. SKY has a fifty-two week low of GBX 11.40 ($0.16) and a fifty-two week high of GBX 1,378 ($19.34).

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SKY (LON:SKY) last posted its quarterly earnings results on Thursday, January 25th. The company reported GBX 31.30 ($0.44) earnings per share (EPS) for the quarter. SKY had a return on equity of 27.18% and a net margin of 7.96%. The company had revenue of GBX 673.70 billion for the quarter.

In related news, insider Tracy Jayne Clarke bought 69 shares of the stock in a transaction on Friday, January 26th. The shares were bought at an average cost of GBX 1,043 ($14.64) per share, for a total transaction of £719.67 ($1,010.20). Insiders acquired a total of 213 shares of company stock worth $260,963 over the last quarter.

Several equities research analysts have recently weighed in on SKY shares. Credit Suisse Group reissued a “neutral” rating and set a GBX 1,075 ($15.09) target price on shares of SKY in a research report on Friday, January 12th. Shore Capital reissued a “hold” rating on shares of SKY in a research report on Friday, January 19th. Royal Bank of Canada restated a “sector performer” rating and set a GBX 1,150 ($16.14) price target on shares of SKY in a research note on Tuesday, February 27th. Liberum Capital upgraded SKY to a “buy” rating and raised their price target for the stock from GBX 970 ($13.62) to GBX 1,250 ($17.55) in a research note on Tuesday, February 27th. Finally, Societe Generale downgraded SKY to a “hold” rating and raised their price target for the stock from GBX 1,250 ($17.55) to GBX 1,330 ($18.67) in a research note on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of GBX 1,158.50 ($16.26).

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About SKY

Sky plc is an entertainment and communications company. The Company is engaged in operation of pay television broadcasting and home communications services, including provision of broadband and telephone operations. It operates through three segments: UK and Ireland, which includes activities and operations of the pay television, home communications and adjacent businesses in the United Kingdom and Ireland; Germany and Austria, which includes activities and operations of the pay television and adjacent businesses in Germany and Austria, and Italy, which includes activities and operations of the pay television and adjacent businesses in Italy.

Dividend History for SKY (LON:SKY)

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