Spark New Zealand Ltd (OTCMKTS:SPKKY) Plans Dividend Increase – $0.37 Per Share

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Spark New Zealand Ltd (OTCMKTS:SPKKY) declared a Semi-Annual dividend on Friday, September 6th, Zacks reports. Investors of record on Thursday, September 19th will be given a dividend of 0.367 per share by the technology company on Tuesday, October 15th. The ex-dividend date of this dividend is Wednesday, September 18th. This is a positive change from Spark New Zealand’s previous Semi-Annual dividend of $0.29.

SPKKY stock opened at $14.33 on Monday. Spark New Zealand has a 1 year low of $11.75 and a 1 year high of $15.05. The company has a market cap of $5.26 billion, a P/E ratio of 19.36, a PEG ratio of 9.43 and a beta of 0.54. The firm has a 50-day moving average of $13.53 and a 200 day moving average of $12.79. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.97 and a quick ratio of 0.86.

Separately, Zacks Investment Research raised shares of Spark New Zealand from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Saturday, August 24th.

Spark New Zealand Company Profile

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications, and information and communications technology (ICT) products and services primarily in New Zealand. The company's Spark Home, Mobile & Business segment offers a range of services and content, data, and voice services across fiber, wireless, and copper broadband, mobile, online video entertainment, and nationwide Wi-Fi zones to consumer and small business customers.

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Dividend History for Spark New Zealand (OTCMKTS:SPKKY)

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