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

Kansas to shut down unemployment system to deal with fraud

first_imgTOPEKA, Kan. (AP) — Thousands of fraudulent unemployment claims are prompting Kansas to shut down its processing system this weekend, meaning some jobless workers will have payments delayed as the state installs new anti-fraud protections. Democratic Gov. Laura Kelly made the announcement Wednesday shortly after Republican lawmakers said they will push to protect employers from being on the hook for fraudulent claims. GOP lawmakers said a surge in claims is a signal that the state is potentially seeing thousands more fraudulent claims. Kelly said they might be right and that the unemployment system will go down from 2 p.m. Saturday until 7 a.m. Tuesday. No benefits will be paid during that time but Kelly said the state will try to catch up afterward.last_img

Sewell, Peretti join Congressional Caucus speaker slate

first_imgRep. Terri Sewell, D-Ala., a member of the House Financial Services Committee and Permanent Select Committee on Intelligence, has joined the growing slate of speakers set for NAFCU’s Congressional Caucus, slated for Sept. 18-21 in Washington.Sewell serves on the Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises and the Subcommittee on Monetary Policy and Trade. She serves as the ranking member for the Intelligence Subcommittee on Department of Defense Intelligence and Overhead Architecture. Sewell also serves as chief deputy whip and sits on the Democratic Steering and Policy Committee.Also new to the speaker list is the Treasury Department’s Brian J. Peretti. Peretti is the acting director of the Treasury’s Office of Critical Infrastructure Protection and Compliance Policy, where he supervises the planning and implementation of policies relating to critical infrastructure, cybersecurity and homeland security.Other recent additions to the speaker slate include Harriet Tregoning, the principal deputy assistant secretary for the Office of Community Planning and Development at the Department of Housing and Urban Development, and former presidential candidate Ted Cruz, a Republican senator from Texas. continue reading » 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Fall Driver Education registration forms available

first_imgBatesville, In. —  Registration forms for Fall Driver Education at the Batesville High School are now available. Forms are available at the main office or on the high school website here. Forms must be submitted by Friday, August 24.Registration is on a first-come, first served basis. The class size will be limited to 45 students. A MANDATORY meeting is scheduled for Wednesday, August 29 at 7 p.m. in the Batesville High School cafeteria.last_img