Spirent Communications Plc (OTCMKTS:SPMYY) to Issue Dividend Increase – $0.07 Per Share

Spirent Communications Plc (OTCMKTS:SPMYY) declared a Semi-Annual dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.068 per share by the technology company on Friday, September 13th. The ex-dividend date of this dividend is Friday, August 16th. This is a boost from Spirent Communications’s previous Semi-Annual dividend of $0.06.

Shares of OTCMKTS:SPMYY opened at $7.97 on Wednesday. The company’s 50-day moving average is $8.00. Spirent Communications has a 12-month low of $5.82 and a 12-month high of $8.74. The company has a market capitalization of $1.22 billion, a PE ratio of 18.53, a P/E/G ratio of 2.77 and a beta of 0.68.

A number of brokerages have recently issued reports on SPMYY. ValuEngine raised Spirent Communications from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Zacks Investment Research raised Spirent Communications from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Friday, August 9th.

About Spirent Communications

Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.

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