Sky Plc (LON:SKY) declared a dividend on Thursday, July 28th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 20.95 ($0.28) per share on Friday, October 28th. This represents a dividend 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.
In related news, insider Lewis,Dave purchased 336 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average cost of GBX 824 ($10.93) per share, for a total transaction of £2,768.64 ($3,671.45). Also, insider Clarke,Tracy Jayne acquired 62 shares of the company’s stock in a transaction on Friday, May 27th. The stock was acquired at an average price of GBX 969 ($12.85) per share, for a total transaction of £600.78 ($796.68).
Several analysts have recently weighed in on the stock. BNP Paribas reaffirmed an “outperform” rating and set a GBX 1,250 ($16.58) price target on shares of Sky Plc in a research note on Friday, April 1st. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 1,500 ($19.89) price target on shares of Sky Plc in a research note on Thursday, April 7th. Haitong Bank reaffirmed a “sell” rating and set a GBX 875 ($11.60) price target on shares of Sky Plc in a research note on Monday, April 11th. Citigroup Inc. reaffirmed a “buy” rating on shares of Sky Plc in a research note on Thursday, April 14th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a GBX 1,271 ($16.85) price target on shares of Sky Plc in a research note on Friday, April 15th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 1,061.41 ($14.08).
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.
