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

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 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 Stock Performance

Shares of ITV stock opened at GBX 71.85 ($0.90) on Tuesday. The stock has a fifty day moving average price of GBX 71.35 and a 200 day moving average price of GBX 76.95. 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 stock has a market cap of £2.79 billion, a PE ratio of 653.18, a P/E/G ratio of -0.53 and a beta of 1.44. ITV has a 1 year low of GBX 55.49 ($0.69) and a 1 year high of GBX 89 ($1.11).

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Shore Capital reiterated a “buy” rating on shares of ITV in a research report on Thursday, November 7th. Citigroup reiterated a “buy” rating on shares of ITV in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. lifted their price objective on ITV from GBX 114 ($1.43) to GBX 115 ($1.44) and gave the stock 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.