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

Spark New Zealand Ltd (OTCMKTS:SPKKY) declared a Semi-Annual dividend on Friday, September 6th, Zacks reports. Stockholders 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 boost from Spark New Zealand’s previous Semi-Annual dividend of $0.29.

SPKKY stock opened at $14.12 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.97 and a quick ratio of 0.86. The company has a 50 day moving average price of $13.61 and a 200 day moving average price of $12.82. Spark New Zealand has a fifty-two week low of $11.75 and a fifty-two week high of $15.05. The stock has a market capitalization of $5.26 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 9.43 and a beta of 0.54.

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

About Spark New Zealand

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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