Sify Technologies Limited (NASDAQ:SIFY) Declares Annual Dividend of $0.01

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.

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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.

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Dividend History for Sify Technologies (NASDAQ:SIFY)

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