Bytes Technology Group plc (LON:BYIT) Raises Dividend to GBX 14.70 Per Share

Bytes Technology Group plc (LON:BYIT) announced a dividend on Thursday, May 23rd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 18th will be given a dividend of GBX 14.70 ($0.19) per share on Friday, August 2nd. This represents a dividend yield of 2.58%. The ex-dividend date is Thursday, July 18th. This is a positive change from Bytes Technology Group’s previous dividend of $2.70. The official announcement can be accessed at this link.

Bytes Technology Group Trading Up 2.5 %

BYIT opened at GBX 603.50 ($7.67) on Friday. Bytes Technology Group has a one year low of GBX 451 ($5.73) and a one year high of GBX 665 ($8.45). The company has a debt-to-equity ratio of 3.50, a current ratio of 1.08 and a quick ratio of 0.98. The business has a 50 day simple moving average of GBX 508.81 and a two-hundred day simple moving average of GBX 557.48. The firm has a market capitalization of £1.45 billion, a price-to-earnings ratio of 3,176.32, a PEG ratio of 2.27 and a beta of 0.67.

Wall Street Analyst Weigh In

Separately, Panmure Gordon initiated coverage on Bytes Technology Group in a report on Thursday, February 22nd. They set a “hold” rating and a GBX 650 ($8.26) target price for the company.

Bytes Technology Group Company Profile

Bytes Technology Group plc offers software, IT security, hardware, and cloud services in the United Kingdom, rest of Europe, and internationally. The company sells servers, laptops, and other devices; various cloud-based and non-cloud-based licenses; and externally and internally provided training and consulting services.