ITV plc (LON:ITV) Raises Dividend to 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 a positive change from ITV’s previous dividend of $1.70. The official announcement can be accessed at this link.

ITV Trading Down 0.4 %

Shares of LON:ITV opened at GBX 73.30 ($0.92) on Thursday. The company has a debt-to-equity ratio of 45.31, a quick ratio of 0.83 and a current ratio of 1.60. The company has a 50-day simple moving average of GBX 71.50 and a 200 day simple moving average of GBX 77.02. ITV has a 52-week low of GBX 55.49 ($0.69) and a 52-week high of GBX 89 ($1.11). The company has a market capitalization of £2.84 billion, a P/E ratio of 666.36, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

Analyst Ratings Changes

Several analysts recently issued reports on ITV shares. JPMorgan Chase & Co. boosted their price target on ITV from GBX 114 ($1.43) to GBX 115 ($1.44) and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Citigroup reiterated a “buy” rating on shares of ITV in a research note on Thursday, December 5th. Finally, Shore Capital restated a “buy” rating on shares of ITV in a report on Thursday, November 7th.

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.