ITV plc (LON:ITV) Increases Dividend to GBX 5.50 Per Share

ITV plc (LON:ITV) declared a dividend on Thursday, January 2nd,Upcoming Dividends.Co.Uk reports. Shareholders 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 yield of 7.47%. The ex-dividend date is Thursday, January 9th. This is a boost from ITV’s previous dividend of $1.70. The official announcement can be seen at this link.

ITV Trading Down 1.1 %

Shares of LON:ITV opened at GBX 72.82 ($0.90) on Friday. The firm has a fifty day moving average of GBX 71.35 and a two-hundred day moving average of GBX 76.96. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31. ITV has a 12-month low of GBX 55.49 ($0.69) and a 12-month high of GBX 89 ($1.11). The firm has a market capitalization of £2.83 billion, a P/E ratio of 662.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Shore Capital reissued a “buy” rating on shares of ITV in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on ITV from GBX 114 ($1.42) to GBX 115 ($1.43) and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Citigroup reissued a “buy” rating on shares of ITV in a research note on Thursday, December 5th.

About ITV

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.