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

Manx Telecom PLC (LON:MANX) declared a dividend on Friday, March 29th, Upcoming.Co.Uk reports. Investors 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 dividend yield of 3.65%. The ex-dividend date of this dividend is Wednesday, May 8th. This is a boost from Manx Telecom’s previous dividend of $4.10. The official announcement can be seen at this link.

LON MANX remained flat at $GBX 214.50 ($2.80) on Friday. 538,740 shares of the company’s stock traded hands, compared to its average volume of 87,925. The company has a quick ratio of 1.14, a current ratio of 1.17 and a debt-to-equity ratio of 83.06. 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 firm has a market cap of $246.88 million and a PE ratio of 20.63.

Several brokerages have recently weighed in on MANX. Peel Hunt restated a “hold” rating on shares of Manx Telecom in a research report on Tuesday, April 16th. Barclays reduced their price objective 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. Finally, Liberum Capital restated a “buy” rating on shares of Manx Telecom in a research report on Wednesday, January 16th.

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Manx Telecom Company Profile

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.

See Also: Coverage Ratio

Dividend History for Manx Telecom (LON:MANX)

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