Manx Telecom PLC (MANX) Raises Dividend to GBX 7.90 Per Share

Manx Telecom PLC (LON:MANX) announced a dividend on Friday, March 29th, Upcoming.Co.Uk reports. Shareholders of record on Wednesday, May 8th will be paid a dividend of GBX 7.90 ($0.10) per share on Thursday, May 23rd. This represents a yield of 3.65%. The ex-dividend date is Wednesday, May 8th. This is an increase from Manx Telecom’s previous dividend of $4.10. The official announcement can be viewed at this link.

Shares of MANX stock opened at GBX 214.95 ($2.81) on Tuesday. Manx Telecom has a 12 month low of GBX 148.50 ($1.94) and a 12 month high of GBX 265.50 ($3.47). The company has a market cap of $247.40 million and a price-to-earnings ratio of 20.67. The company has a debt-to-equity ratio of 83.06, a current ratio of 1.17 and a quick ratio of 1.14.

MANX has been the subject of a number of research reports. Peel Hunt reaffirmed a “buy” rating on shares of Manx Telecom in a report on Wednesday, March 13th. Liberum Capital reaffirmed a “buy” rating on shares of Manx Telecom in a report on Wednesday, January 16th. Finally, Barclays dropped their price target on shares of Manx Telecom from GBX 200 ($2.61) to GBX 190 ($2.48) and set an “overweight” rating for the company in a research report on Monday, February 4th.

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About Manx Telecom

Manx Telecom plc provides a range of telecommunications services to consumers, businesses, and the public sector in the Isle of Man and internationally. It operates through five segments: Fixed Line, Broadband and Data; Mobile; Global Solutions; Data Centre; and Other. The Fixed Line, Broadband and Data segment offers fixed line, broadband, and connectivity services to approximately 37,000 homes and 4,000 businesses.

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Dividend History for Manx Telecom (LON:MANX)

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