Investor cheer as STV brings back dividend
The group, which broadcasts programmes including Coronation Street, to more than four million TV viewers each month, said it aimed to pay a full-year dividend for 2013 – its first since 2006 – after growing profits and revenues in the first half.
It also announced its productions arm had secured a further commission for 12 episodes of Catchphrase for ITV after the game show was revived in April with a well-received new series fronted by host Stephen Mulhern.
STV posted a 5 per cent hike in underlying pre-tax profits to £6.7m.