ITV plc (ITV) Announces Dividend of GBX 2.52
ITV plc (LON:ITV) announced a dividend on Wednesday, July 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 26th will be given a dividend of GBX 2.52 ($0.03) per share by the broadcaster on Monday, November 27th. This represents a dividend yield of 1.43%. The ex-dividend date of this dividend is Thursday, October 26th. The official announcement can be viewed at this link.
ITV plc (LON:ITV) traded up 2.33% during mid-day trading on Wednesday, hitting GBX 180.00. The company had a trading volume of 18,446,004 shares. The company’s 50 day moving average price is GBX 180.93 and its 200-day moving average price is GBX 199.55. The firm’s market capitalization is GBX 7.22 billion. ITV plc has a 12-month low of GBX 156.24 and a 12-month high of GBX 221.76.
Several brokerages recently weighed in on ITV. Shore Capital reaffirmed a “buy” rating on shares of ITV plc in a research report on Wednesday, May 10th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 260 ($3.39) price objective on shares of ITV plc in a research note on Tuesday, April 25th. Liberum Capital reiterated a “buy” rating and issued a GBX 340 ($4.43) price objective on shares of ITV plc in a research note on Thursday, June 15th. Berenberg Bank reiterated a “hold” rating and issued a GBX 200 ($2.61) price objective on shares of ITV plc in a research note on Wednesday, May 31st. Finally, Goldman Sachs Group, Inc. (The) decreased their price objective on shares of ITV plc from GBX 237 ($3.09) to GBX 228 ($2.97) and set a “buy” rating for the company in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 217.55 ($2.83).
In related news, insider Ian Griffiths sold 269,755 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of GBX 199 ($2.59), for a total transaction of £536,812.45 ($699,338.78). Also, insider Peter Bazalgette purchased 11,968 shares of ITV plc stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average price of GBX 182 ($2.37) per share, for a total transaction of £21,781.76 ($28,376.45).
ITV plc Company Profile
ITV plc (ITV) is an integrated producer broadcaster. The Company creates, owns and distributes content on multiple platforms. It operates through two segments: Broadcast & Online and ITV Studios. The Broadcast & Online segment operates the commercial family of channels in the United Kingdom and delivers content through television broadcasting.
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