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. Stockholders 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 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 Stock Performance

Shares of ITV stock opened at GBX 71.85 ($0.90) on Tuesday. ITV has a 52-week low of GBX 55.49 ($0.69) and a 52-week high of GBX 89 ($1.11). The stock’s 50-day moving average price is GBX 71.35 and its 200 day moving average price is GBX 76.95. The company has a quick ratio of 0.83, a current ratio of 1.60 and a debt-to-equity ratio of 45.31. The stock has a market capitalization of £2.79 billion, a PE ratio of 653.18, a price-to-earnings-growth ratio of -0.53 and a beta of 1.44.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ITV. Shore Capital reaffirmed a “buy” rating on shares of ITV in a report on Thursday, November 7th. Citigroup restated a “buy” rating on shares of ITV in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of ITV from GBX 114 ($1.43) to GBX 115 ($1.44) and gave the stock an “overweight” rating in a 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.