ITV plc (LON:ITV) Declares Dividend of GBX 1.70

ITV plc (LON:ITV) announced a dividend on Thursday, July 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 17th will be given a dividend of GBX 1.70 ($0.02) per share by the broadcaster on Tuesday, November 26th. This represents a yield of 2.02%. The ex-dividend date is Thursday, October 17th. The official announcement can be accessed at this link.

ITV Price Performance

ITV stock opened at GBX 80.30 ($1.04) on Thursday. The company has a debt-to-equity ratio of 48.85, a current ratio of 1.55 and a quick ratio of 0.83. The firm has a market capitalization of £3.19 billion, a P/E ratio of 1,601.00, a P/E/G ratio of -0.53 and a beta of 1.45. The business’s 50-day moving average is GBX 79.98 and its two-hundred day moving average is GBX 71.12. ITV has a 1 year low of GBX 55.49 ($0.72) and a 1 year high of GBX 89 ($1.15).

Insider Activity

In other ITV news, insider Graham Cooke acquired 16,996 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average price of GBX 70 ($0.91) per share, for a total transaction of £11,897.20 ($15,386.96). Company insiders own 10.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ITV shares. Shore Capital reaffirmed a “buy” rating on shares of ITV in a research report on Thursday. Citigroup reiterated a “buy” rating and issued a GBX 110 ($1.42) price objective on shares of ITV in a report on Thursday, June 6th.

About ITV

ITV plc, an integrated production, broadcasting, and streaming company, which creates, owns, and distributes content on various platforms worldwide. It operates through ITV Studios and Media & Entertainment segments. The ITV Studios segment creates and produces programs and formats that include sports, drama, entertainment, factual, and news for its own channels and other broadcasters.