Telecom plus (TEP) Trading Up 10.1% After Dividend Announcement
Telecom plus PLC (LON:TEP) was up 10.1% during mid-day trading on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 1,328 ($17.35) and last traded at GBX 1,324 ($17.30). Approximately 355,722 shares traded hands during trading, an increase of 429% from the average daily volume of 67,307 shares. The stock had previously closed at GBX 1,202 ($15.71).
The newly announced dividend which will be paid on Friday, December 14th. Investors of record on Thursday, November 29th will be paid a GBX 25 ($0.33) dividend. The ex-dividend date is Thursday, November 29th. This represents a yield of 1.89%.
Separately, Peel Hunt reissued an “add” rating on shares of Telecom plus in a research note on Monday, July 30th.
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Telecom Plus PLC provides a range of utility services to residential and small business customers in the United Kingdom. The company operates in two segments, Customer Acquisition and Customer Management. The Customer Acquisition segment sells a range of equipment, such as mobile phone handsets and wireless Internet routers.
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