Sify Technologies Limited (NASDAQ:SIFY) announced an annual dividend on Wednesday, May 15th, NASDAQ reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 0.014 per share by the technology company on Tuesday, May 28th. This represents a yield of 1.04%. The ex-dividend date is Friday, May 24th.
Sify Technologies has raised its dividend by an average of 3.8% per year over the last three years.
NASDAQ SIFY traded up $0.01 during trading hours on Friday, hitting $1.39. 13,000 shares of the company were exchanged, compared to its average volume of 33,796. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 1.03. Sify Technologies has a 52 week low of $1.15 and a 52 week high of $2.09. The stock has a market capitalization of $54.81 million, a P/E ratio of 15.44, a PEG ratio of 0.51 and a beta of 1.09.
Separately, Maxim Group set a $4.00 target price on Sify Technologies and gave the company a “buy” rating in a research note on Wednesday, April 17th.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Sundance Herald and is the property of of Sundance Herald. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://sundanceherald.com/2019/06/14/sify-technologies-limited-sify-to-issue-0-01-annual-dividend.html.
Sify Technologies Company Profile
Sify Technologies Ltd. engages in the provision of integrated Internet, network, and electronic commerce services in India. It operates through the following segments: Telecom-centric Services, and Data Center-centric Information Technology Services. The Telecom-centric Services segment includes domestic data, international data wholesale voice, and network managed services.
Further Reading: What is a growth and income fund?
Receive News & Ratings for Sify Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sify Technologies and related companies with MarketBeat.com's FREE daily email newsletter.