STV Group plc (LON:STVG) to Issue Dividend Increase – GBX 7.40 Per Share

STV Group plc (LON:STVG) announced a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 17th will be given a dividend of GBX 7.40 ($0.10) per share on Friday, May 30th. This represents a yield of 4.5%. The ex-dividend date of this dividend is Thursday, April 17th. This is a 89.7% increase from STV Group’s previous dividend of $3.90. The official announcement can be seen at this link.

STV Group Price Performance

Shares of STV Group stock opened at GBX 164.23 ($2.17) on Tuesday. The business has a 50 day moving average of GBX 174.95 and a 200 day moving average of GBX 204.68. STV Group has a 52 week low of GBX 140 ($1.85) and a 52 week high of GBX 297 ($3.92). The company has a market cap of £76.73 million, a PE ratio of 11.21 and a beta of 0.09. The company has a quick ratio of 1.09, a current ratio of 1.51 and a debt-to-equity ratio of -14,440.00.

STV Group (LON:STVG) last issued its quarterly earnings data on Wednesday, March 12th. The company reported GBX 29 ($0.38) EPS for the quarter. STV Group had a net margin of 3.76% and a negative return on equity of 172.50%. As a group, equities research analysts forecast that STV Group will post 30.3860523 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of STV Group in a research report on Tuesday, March 11th.

About STV Group

STV is Scotland’s home of news, entertainment and drama, serving audiences with quality content on air, online and on demand.

STV’s broadcast channel reaches 2.8 million viewers each month, while rapidly growing, free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.