ITV plc (ITV) to Issue Dividend of GBX 5.50 on February 21st

ITV plc (LON:ITV) announced a dividend on Thursday, January 2nd,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 9th will be paid 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 of this dividend 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 Stock Down 1.1 %

LON:ITV opened at GBX 72.82 ($0.90) on Friday. The stock’s fifty day moving average is GBX 71.35 and its two-hundred day moving average is GBX 76.96. ITV has a 52 week low of GBX 55.49 ($0.69) and a 52 week high of GBX 89 ($1.11). The stock has a market capitalization of £2.83 billion, a price-to-earnings ratio of 662.00, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31.

Analyst Upgrades and Downgrades

ITV has been the topic of a number of analyst reports. Citigroup reaffirmed a “buy” rating on shares of ITV in a research note on Thursday, December 5th. Shore Capital restated a “buy” rating on shares of ITV in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of ITV from GBX 114 ($1.42) to GBX 115 ($1.43) and gave the company an “overweight” rating in a research report on Wednesday, December 11th.

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.