ITV plc (LON:ITV) declared a dividend on Wednesday, February 28th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 12th will be given a dividend of GBX 5.28 ($0.07) per share by the broadcaster on Thursday, May 24th. This represents a yield of 3.4%. The ex-dividend date of this dividend is Thursday, April 12th. This is an increase from ITV’s previous dividend of $2.52. The official announcement can be viewed at this link.
ITV opened at GBX 148.10 ($2.08) on Friday. ITV has a 1-year low of GBX 142.80 ($2.00) and a 1-year high of GBX 221.76 ($3.11).
ITV (LON:ITV) last released its quarterly earnings data on Wednesday, February 28th. The broadcaster reported GBX 16 ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 15.70 ($0.22) by GBX 0.30 ($0.00). ITV had a net margin of 12.37% and a return on equity of 73.04%. The firm had revenue of GBX 313.20 billion for the quarter.
Several research firms have weighed in on ITV. Goldman Sachs lowered their price objective on shares of ITV from GBX 224 ($3.14) to GBX 189 ($2.65) and set a “buy” rating on the stock in a report on Friday. Morgan Stanley restated an “overweight” rating on shares of ITV in a report on Wednesday, March 28th. Kepler Capital Markets lowered their price objective on shares of ITV from GBX 175 ($2.46) to GBX 165 ($2.32) and set a “hold” rating on the stock in a report on Tuesday, March 27th. Liberum Capital restated a “buy” rating and set a GBX 265 ($3.72) price objective on shares of ITV in a report on Monday, March 19th. Finally, Berenberg Bank lowered their target price on shares of ITV from GBX 200 ($2.81) to GBX 185 ($2.60) and set a “hold” rating for the company in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. ITV presently has an average rating of “Hold” and an average price target of GBX 189.93 ($2.67).
In other news, insider Carolyn McCall bought 96,583 shares of the stock in a transaction dated Friday, March 2nd. The stock was bought at an average price of GBX 154 ($2.16) per share, for a total transaction of £148,737.82 ($208,784.14).
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ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services.
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