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ITV - Pays 10p special dividend

May 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ITV
  • Price:
  • 238p
ITV’s results were dominated by another special dividend of 10p, taking total payout for the year to 16p. The group announced 15% growth in revenues to almost £3bn while pretax profit rose 18% to £843m. Eps was up 20%to 26.5p while net debt was £319m after spending £406m on acquisitions.A strong UK economy helped its main division, broadcast & online (which attracts the largest audience other than the BBC), increase profit 16% to £591m on revenues 6% ahead at £2.1bn, driven by identical growth in national advertising revenue (NAR). The brightest spot was its smaller online, pay and interactive side, which grew 23% to £188m reflecting strong growth in online advertising. Post year- ...

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