ITV plc (ITV) has announced an agreement to sell its Media and Entertainment business to Sky, with its headline including it “for up to £1.6 billion, unlocking significant value for shareholders”. So what about a current 82.05p share price, just 0.4% higher?
Before Covid struck I took a liking to fully-listed ITV (ITV) and enjoyed bumper dividends for a while. But then Covid struck and I bailed out. This morning, the company released its interims to June along with an unchanged interim dividend of 1.7p and a promise of at least 5p per share for the full year. At 71.6p per share, that works out at a yield of almost 7%. So should dividend munchers pile in?







