In line interim figures and an unchanged full year outlook are accompanied by a further step-up in cash distribution. On top of confirming a 17p dividend for FY17E (+13% yoy) and a 60-80% forward dividend payout rate, STVG also now flags an additional shareholder return of £10m (c25p/share) over the next 18 months. This underlines the company’s confidence in its operating resilience and financial position – despite market concerns around the broadcast TV model and STVG&rsquo

31 Aug 2017
Money talks – £10m additional shareholder return flagged

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Money talks – £10m additional shareholder return flagged
STV Group plc (STVG:LON) | 179 -0.4 (-0.1%) | Mkt Cap: 83.5m
- Published:
31 Aug 2017 -
Author:
Jonathan Helliwell -
Pages:
5 -
In line interim figures and an unchanged full year outlook are accompanied by a further step-up in cash distribution. On top of confirming a 17p dividend for FY17E (+13% yoy) and a 60-80% forward dividend payout rate, STVG also now flags an additional shareholder return of £10m (c25p/share) over the next 18 months. This underlines the company’s confidence in its operating resilience and financial position – despite market concerns around the broadcast TV model and STVG&rsquo