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

STV Group plc (LON:STVG) declared a dividend on Tuesday, March 11th, DividendData.Co.Uk reports. Investors 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 is Thursday, April 17th. This is a 89.7% increase from STV Group’s previous dividend of $3.90. The official announcement can be viewed at this link.

STV Group Price Performance

STV Group stock opened at GBX 164.23 ($2.17) on Tuesday. The company has a fifty day simple moving average of GBX 174.95 and a 200-day simple moving average of GBX 204.68. The firm has a market capitalization of £76.73 million, a price-to-earnings 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 has a 52-week low of GBX 140 ($1.85) and a 52-week high of GBX 297 ($3.92).

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

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of STV Group in a 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.