Sky Plc (SKY) to Issue Dividend of GBX 20.95 on October 28th
Sky Plc (LON:SKY) declared a dividend on Thursday, July 28th. Investors of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.27) per share on Friday, October 28th. This represents a yield of 2.32%. The ex-dividend date is Thursday, October 6th. This is an increase from Sky Plc’s previous dividend of $12.55. The official announcement can be viewed at this link.
Sky Plc (LON:SKY) opened at 921.50 on Wednesday. Sky Plc has a 52 week low of GBX 560.00 and a 52 week high of GBX 1,134.00. The company has a 50-day moving average of GBX 860.62 and a 200 day moving average of GBX 912.73. The firm’s market cap is GBX 15.74 billion.
In related news, insider Dave Lewis purchased 337 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The stock was acquired at an average price of GBX 842 ($10.99) per share, for a total transaction of £2,837.54 ($3,703.88). Also, insider Darroch,Jeremy purchased 61,793 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The stock was bought at an average price of GBX 864 ($11.28) per share, with a total value of £533,891.52 ($696,895.34).
Several equities research analysts have weighed in on SKY shares. Haitong Bank reaffirmed a “sell” rating and issued a GBX 875 ($11.42) target price on shares of Sky Plc in a research report on Tuesday, June 7th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,500 ($19.58) target price on shares of Sky Plc in a research report on Friday, June 10th. Liberum Capital reaffirmed a “sell” rating and issued a GBX 530 ($6.92) target price on shares of Sky Plc in a research report on Friday, June 10th. Shore Capital reaffirmed a “buy” rating on shares of Sky Plc in a research report on Friday, June 10th. Finally, HSBC increased their target price on Sky Plc from GBX 1,010 ($13.18) to GBX 1,030 ($13.44) and gave the stock a “hold” rating in a research report on Friday, June 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Sky Plc presently has an average rating of “Hold” and an average target price of GBX 1,052.68 ($13.74).
About Sky Plc
Sky plc, formerly British Sky Broadcasting Group plc is an entertainment company. The Company serves approximately 21 million customers across five countries: Italy, Germany, Austria, the United Kingdom and Ireland. The Company owns and operates Britain and Ireland’s portfolio of pay television (TV) channels across entertainment, sports, movies and 24-hour news.
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