This FTSE 100 dividend stock has dived 10% today. Should holders panic?

first_img Image source: Getty Images “This Stock Could Be Like Buying Amazon in 1997” Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. See all posts by Paul Summers Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has recommended ITV. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Paul Summers | Thursday, 5th March, 2020 | More on: ITV This FTSE 100 dividend stock has dived 10% today. Should holders panic? Shares in top-tier-listed media company ITV (LSE: ITV) were sharply lower in early trading this morning following the release of its latest set of full-year numbers.Should those already holding the stock be worried? I don’t believe so.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Ahead of expectationsTo be clear, trading over 2019 was far from terrible. Indeed, today’s figures were ahead of even ITV’s own expectations. Thanks to a burst of growth in the second half of the financial year, total external revenue rose 3% to £3.3bn. And while total advertising revenue fell 1.5%, this result was better than that originally forecast. Away from the headline figures, there was also evidence to back up CEO Carolyn McCall’s claim that the company was developing into “a stronger, more diversified and structurally sound business”. Total revenue from its Studios division grew 9% with online revenue jumping 21%. The FTSE 100 member had also seen decent demand for its premium subscription service ITV Hub+ and recently-launched Britbox collaboration with the BBC. There were positives on the financial side of things too. In addition to making £25m of cost savings (£5m ahead of that targeted), net debt also fell to £804m — down from £927m at the end of 2018. That’s far less of a burden than that faced by another company I’ve looked at today. So, why are shares down?It’s all down to the (understandably foggy) outlook. Despite forecasting a 2% rise in total advertising revenue over the first quarter of its financial year, ITV is now expecting a sharp drop in Q2 following the decision by those firms in the travel industry to defer their contracts for a while due to the coronavirus outbreak. As a result, total advertising revenue is expected to tumble 10% in April.Of course, the numbers could turn out to be better or worse depending on what happens over the next few days and weeks. Like many companies reporting recently, ITV remarked that estimating the full impact of the coronavirus outbreak on business was tricky but that it would “continue to monitor the situation closely“.Don’t panicClearly, today’s share price drop is unlikely to bring cheer to those already holding the shares. Personally, I think they should sit tight. For one, ITV still expects (for now, at least) to grow revenue in 2020. It’s also predicting that its Studios business will grow steadily over the medium term and that “double-digit” online growth will also be achieved. Then there are the dividends to consider. Today, ITV confirmed that it would pay out 8p per share to holders for the 2019 financial year, giving the stock a trailing yield of 7.7% after taking today’s price fall into account. That’s certainly a lot better than the 1.31% you’d get from even the top-paying Cash ISA right now. While we can’t be certain on how the company will perform in the near term, the fact that dividends look fairly well covered by profits suggests a cut looks pretty unlikely for now.Attempting to value shares might be even tougher than usual given the current state of affairs, but a forecast price-to-earnings (P/E) ratio of less than 9 suggests ITV offers great value at the moment. Having once been a holder of the stock myself, I may well take a position again if the selling pressure continues. Simply click below to discover how you can take advantage of this.last_img read more

Housing starts fall for first time since August

first_img ConstructionHousing MarketResidential Real Estate Message* Full Name* January housing starts were also down 2.3 percent year-over-year; the revised rate of starts at the beginning of 2020 was 1.6 million.ADVERTISEMENTThe declines come as home and lumber prices are rising, potentially indicating waning demand from homebuyers who may be priced out of the market. But homebuilder sentiment ticked up in February after two months of declines, a signal that strong demand remains among prospective buyers.On the bright side, the rate of building permits issued ticked up significantly in January, an indicator of future starts. The seasonally-adjusted rate of permits issued last month was 1.88 million, up more than 10 percent compared to the revised December rate of 1.7 million. January’s issuance is up 22 percent compared to the same time last year.The rate of housing completions last month also slipped to a seasonally adjusted 1.3 million, about 2 percent down from December’s revised rate. The rate of single-family completions, however, jumped to more than 1 million, up 10 percent from the previous month’s revised rate of 942,000.Overall, the housing completion rate was up 2 percent year-over-year last month, compared to January 2020, though the number of homes available to purchase remain at historically low levels.Contact Erin Hudson Tags Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink (iStock/Illustration by Kevin Rebong for The Real Deal)Housing starts fell in January, marking the first time since August that there hasn’t been month-over-month growth in residential construction.Privately owned housing starts dropped to a seasonally adjusted rate of 1.58 million, down 6 percent from December’s revised rate of 1.68 million, according to the Census Bureau’s monthly report. December was the strongest month for residential construction since 2006.Starts for single-family homes fared worse, with an adjusted rate of 1.16 million, down 12 percent from December’s revised rate of 1.3 million.Read moreResidential construction had busiest year since 2006: MBALumber prices at record highs thanks to hot housing marketVicious cycle creates “huge supply crunch,” pushing home prices up Email Address*last_img read more

Bridge-to-College Program in Longitudinal Study

first_imgTHE TUTORIAL CENTER/CCV BRIDGE-TO-COLLEGE PROGRAMPARTICIPATING IN LONGITUDINAL STUDY ADULT STUDENTS ECONOMIC OUTCOMES AFTER PARTICIPATION INCOLLEGE-TRANSITION PROGRAM TO BE DOCUMENTEDBennington, VT — The Tutorial Center/CCV Bridge-to-College Program, a joint collaboration of The Tutorial Center and the Community College of Vermont-Bennington, has been selected to participate in the Adult Transitions Longitudinal Study (ATLAS), a five-year research project designed to document educational and economic outcomes for adult students who participate in the New England Adult Basic Education (ABE)-to-College Transition Project. A team of faculty and graduate students from the Center for International Education at the University of Massachusetts, Amherst, will lead the study in collaboration with other faculty from the Research and Evaluation Methods Program (REMP) within the university’s School of Education. Both the ABE-to-College Transition Project and the study are funded by the Nellie Mae Education Foundation in Quincy, MA. The ABE-to-College Transition Project is administered by the New England Literacy Resource Center (NELRC) at World Education.The study will follow ABE-to-College participants enrolled in the transition programs in the fall of 2007 and spring 2008 – an estimated total sample of 300+ individuals. In addition to the Tutorial Center/CCV Bridge-to-College Programs participation, 10 other programs will take part in the study, all selected from within the New England ABE-to-College Transition Project. “Thanks to the success of ABE-to-College Transition programs like the one at The Tutorial Center, we no longer simply talk about a GED when we talk about adult education,” said Nicholas Donohue, President and CEO of the Nellie Mae Education Foundation. “This study will help us better understand the barriers to postsecondary success for program participants, and, ultimately, to move toward a system that allows for continued growth, academic achievement, and success at the highest levels for all adults.”Other participating programs are: Action for Boston Community Development (ABCD), Boston, MA; Belfast Adult and Community Education, Belfast, ME; SUCCESS at Cape Cod Community College, Hyannis, MA; Nashua Adult Learning Center, Nashua, NH; RIRAL, Pawtucket, RI; Rockland Adult Education, Rockland, ME; Sumner Adult Education, Orono, ME; X-Cel Adult Education, Boston, MA; Second Start, Concord, NH; and Vernon Regional Adult Education, Manchester, CT. The purpose of ATLAS is to determine the factors that contribute to or stand in the way of participant success in postsecondary education. By developing profiles of participants’ enrollment in and experiences in postsecondary education, Transition Program staff can better identify at-risk adult students who may be more likely to drop out or be unsuccessful in the transition to college. Such knowledge can help the program adopt strategies that reduce the barriers to success. The ultimate goal of the study will be to inform policymakers, program practitioners, students and potential funding organizations about the educational and economic success of ABE-to-College program participants, and the influence of the ABE-to-College programs on that success. The study will also examine the effect of the programs on participants’ planning for their children’s education.Begun in 2000, the New England ABE-to-College Transition Project prepares adults throughout New England who have earned a certificate of General Educational Development (GED) or an External Diploma Program (EDP) certificate to enter and succeed in postsecondary education thereby increasing the likelihood of improving their own and their families’lives. The program is administered by the New England Literacy Resource Center at World Education with funding from the Nellie Mae Education Foundation.The Tutorial Center is Vermont’s most comprehensive educational support center, providing an array of educational support and enrichment services for children through adults. Non-profit, The Tutorial Center has, since 1971, created innovative educational services such as the transition-to- college program that respond to and meet the community’s evolving social and workforce needs. For some samples, visit www.tutorialcenter.org(link is external).The Nellie Mae Education Foundation is the largest philanthropy in New England that focuses exclusively on promoting access, quality and effectiveness of education. Established in 1998, the Foundation provides grants and other support to education programs in the region designed to improve underserved students’ academic achievement and access to higher education. The Foundation also funds research that examines critical educational opportunity issues. Since it was established, the Foundation has distributed nearly $72 million. Currently, it is realigning its program investments to help ensure more New England students are equipped to succeed. While our funding transitions to other priorities, we will build on what we have learned through our successes in order to define our future. For more information on the Foundations current work, visit www.nmefdn.org(link is external).[last_img read more

BLOG: “Stopping the Flu Starts with YOU” at the Pennsylvania Farm Show

first_imgLike Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf BLOG: “Stopping the Flu Starts with YOU” at the Pennsylvania Farm Show SHARE Email Facebook Twitter January 07, 2016center_img By: Dr. Karen Murphy, Secretary of the Department of Health 100th Farm Show,  The Blog To date, influenza cases have been reported in most Pennsylvania counties, with numbers expected to increase in the coming months.However, it is not too late to get vaccinated against the flu. The best way to protect yourself and your loved ones from the flu is to get vaccinated.This year at the Centennial Pennsylvania Farm Show, the Pennsylvania Department of Health will be continuing our “Stopping the Flu Starts with YOU” Campaign by offering free influenza vaccines.The free influenza vaccines will be available as supplies last from January 9-15 from 10 A.M. to 6 P.M. and January 16 from 10 A.M. to 5 P.M.Anyone under the age of 18 must be accompanied by a parent or guardian to receive the vaccine. No appointments are needed. The booth will be located in the Main Hall by the carousel located near the Maclay Street lobby.The “Stopping the Flu Starts with YOU” education and awareness  campaign highlights the important measures everyone should take to ensure they don’t get or spread the flu.Getting the flu vaccine is the first and most important step in protecting yourself and those around you from seasonal influenza. The Pennsylvania Department of Health recommends the flu vaccine for everyone over the age of 6 months. It is especially important for older individuals, pregnant women, and people with chronic health conditions that place them at increased risk of complications from the flu.In addition to getting vaccinated, to best avoid receiving or spreading the flu, everyone should also:Wash your hands often with soap and water or use an alcohol-based hand rub.Keep your hands away from your face and don’t touch your eyes, nose, or mouth.  This is one way germs spread.Disinfect frequently used surfaces – like doorknobs, light switches, TV remotes, etc.Cover your nose and mouth with a tissue when coughing or sneezing – then throw the used tissue in the trash.Avoid contact with sick people. If YOU are sick, stay home for at least 24 hours until after your fever is gone without the use of fever-reducing medicine.More information is available at FLUFREEPA.COM or by calling 1-877-PA-HEALTH (1-877-724-3258).last_img read more

Mr Green bolsters Russia 2018 inventory with Colossus Bets’ Super 8 Jackpots

first_img William Hill closes Stockholm Gametek office July 1, 2020 Mr Green has confirmed the launch of its new betting pools inventory– ‘Jackpot Bets’ in partnership with Colossus Bets, strengthening its World Cup Russia 2018 betting proposition.Stockholm-listed MRG Group’s flagship Mr Green brand will launch an initial ‘5 pool – £5 million Super 8 Jackpots’, for Russia 2018.Mr Green’s betting pool inventory will be further supported by a full range of full Colossus Bets provisions including Syndicates ‘crowd-betting’ functionality and Cash Out.Updating the market, Mr Green CEO Jesper Kärrbrink, commented; “Since the beginning, Mr Green has led in the market with our ‘Green Gaming’ ethos.Colossus sports jackpots offer a ‘low stakes for grand prizes’ alternative to traditional sports betting that is in line with our brand values and enables us to reach out to a broad audience.The timing is ideal with this summer’s big football event just around the corner, the launch advances our strategy to provide a full gaming portfolio to our existing players.”The Super 8 jackpots are exclusive to Mr Green and can be won by picking the correct score in a series of 8 matches. These jackpots include Colossus’ unique Cash Out feature, which enables players to bank profits as they progress towards a lottery-sized prize.Since its enterprise launch in 2013, Colossus Bets informs that it has distributed more than £100 million in player prizes.Backing Mr Green as new partner Colossus Bets’ CEO, Bernard Marantelli, commented, “We have worked with Mr Green to create an appealing ‘entry level’ product for the biggest sports event of the year and beyond. We are excited to see a brand of their quality join the Colossus network.” StumbleUpon Related Articles Share Share Maxima Compliance – ‘Mastering technical compliance to grow your global footprint’ June 9, 2020 Aspire builds Q1 momentum through regulated market focus May 5, 2020 Submitlast_img read more

PBSO: Men Placed Credit Card Skimmers at Boca Raton Gas Station

first_imgOfficials with the Palm Beach County Sheriff’s Office say two men were arrested late last week, after they allegedly placed credit card skimmers at a Boca Raton gas station.The suspects, identified as 34-year-old Francisco Costa-Perez and 30-year-old Daniel Milian-Diaz, are facing fraud and criminal mischief charges.They were observed installing illegal skimming devices at the Chevron station located at 19345 State Road 7 last Thursday. An employee from the gas station told the 911 dispatcher that he was watching the men tampering with the pumps.PBSO deputies apprehended Costa-Perez and Lilian-Diaz soon afterward during a nearby traffic stop.last_img

Middletown Withdraws from Affordable Housing Proceedings

first_imgCampisi called the township’s actions “discouraging” and said the decisions not to include affordable units in those developments was in direct violation of the municipality’s state-certified plans. Fair Share Housing Center spokesperson Anthony Campisi said Middletown Township’s history is not one of inclusion. Mercantante said the threat is theoretical and the township has had success navigating any such lawsuits in the past. “We’ll address any of those on a case-by-case basis if we have to. Our record is strong,” he said. The decision to withdraw from the proceedings could leave Middletown susceptible to builder’s remedy lawsuits, in which a developer proposes a housing project in a town that has not reached a settlement agreement with the state. Though details about the settlement proceedings could not be disclosed, Mercantante said the Fair Share Housing Center wanted to stake Middletown to “hundreds of more units” as part of an ongoing third round of obligations. As for Four Ponds, Mercantante said the proposal came before the planning board at a time when COAH was disbanded by the state. “Few towns in New Jersey are as committed to excluding working class residents as Middletown. This is a town that consistently fails to fulfill promises and instead permits large-scale developments without any affordable units included,” Campisi said, citing a 180-unit development at the former Bamm Hollow Country Club and another 228-unit development in Four Ponds at Lincroft. Since 2008, 350 new affordable units were issued certificates of occupancy. That equates to 31 percent of 1,119 total residential units issued certificates in that period. Mercantante said the Bamm Hollow project was scaled back dramatically from an initial proposal of about 1,200 units to the 180 on site today. The site plan was submitted when New Jersey’s state Council on Affordable Housing (COAH) still existed. MIDDLETOWN – In a bold move, township officials are pushing back against state-mandated affordable housing obligations they say are unreasonable and unrealistic. According to township administrator Anthony P. Mercantante, last week township attorney Brian Nelson was directed to apply for an order of dismissal in Middletown’s ongoing New Jersey Superior Court proceedings, which began in July 2015. center_img “At the time, we alreadyhad a COAH-certified planthat did not include BammHollow. We didn’t need toinclude it in our plan. Ourobligation had already beenmet,” Mercantante said. “Long before I was on the township committee our governing body and administration have worked in good faith with the Fair Share Housing Committee to ensure Middletown continued its record as a socioeconomically diverse community. We thought we were in good standing moving forward, but we came to a stonewall and can’t operate in good faith any longer,” Perry said. He noted the settlement included a stipulation that for each one of the homes built at the former country club, an annual contribution is made to the municipality’s affordable housing trust fund, which he said is used to create other opportunities for low- and moderate-income residents and families. “Nearly 300 towns across the state have housing settlements in place or being approved. We’re not asking Middletown to do anything special. We’re asking them to follow the law. And we’ll be monitoring the situation very closely to see if any litigation arises as a result of the withdrawal,” Campisi said. “COAH disappeared and we had no idea what the future of affordable housing would be. So we decided not to include affordable housing in that development and ensured it was included in future developments,” Mercantante said. Mayor Tony Perry said the obligations proposed by the Fair Share Housing Center were “unreasonable.” The proceedings were led by the Fair Share Housing Center, a nonprofit organization founded in 1975 to defend the rights of New Jersey residents against exclusionary municipal zoning practices. According to Mercantante, since 1999 the township has created 605 affordable units in various forms of housing types, including condominiums, detached single-family homes, rental apartments, senior housing and accessory apartments. Additionally, four more development projects, including the residential tract of the Village 35 project – which calls for 280 luxury townhomes and 70 affordable units in three separate apartment buildings – call for the construction of affordable units.last_img read more