ITV plc (LON:ITV) to Issue Dividend Increase – GBX 5.50 Per Share

ITV plc (LON:ITV) announced a dividend on Thursday, January 2nd,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 5.50 ($0.07) per share by the broadcaster on Friday, February 21st. This represents a dividend yield of 7.47%. The ex-dividend date is Thursday, January 9th. This is an increase from ITV’s previous dividend of $1.70. The official announcement can be viewed at this link.

ITV Price Performance

Shares of ITV opened at GBX 73.60 ($0.91) on Friday. The firm has a market capitalization of £2.86 billion, a PE ratio of 669.09, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company has a debt-to-equity ratio of 45.31, a current ratio of 1.60 and a quick ratio of 0.83. The company’s fifty day moving average price is GBX 71.44 and its 200-day moving average price is GBX 76.99. ITV has a 1-year low of GBX 55.49 ($0.69) and a 1-year high of GBX 89 ($1.10).

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ITV. Shore Capital reissued a “buy” rating on shares of ITV in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of ITV from GBX 114 ($1.41) to GBX 115 ($1.42) and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Finally, Citigroup reissued a “buy” rating on shares of ITV in a research report on Thursday, December 5th.

ITV Company Profile

ITV is a vertically integrated producer broadcaster and streamer, consisting of ITV Studios and Media & Entertainment.

ITV Studios is a scaled and global creator, owner and distributor of high-quality TV content. It operates in 12 countries, across 60+ labels and has a global distribution network.