Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  SKY PLC    SKY   GB0001411924


Delayed Quote. Delayed  - 07/27 05:35:06 pm
887.5 GBp   +1.02%
08:35a REPEAT : Sky Ups Dividend As Full Year Earnings And Revenue Rise
08:28a TOP NEWS : Sky Ups Dividend As Full Year Earnings And Revenue Rise
08:21a SKY : News Owner Reports 12% Rise In Profits
News SummaryMost relevantAll newsSector news 

BT To Increase Future Dividends After Profits Rise

share with twitter share with LinkedIn share with facebook
share via e-mail
05/10/2012 | 08:37am CEST

By Lilly Vitorovich


BT Group PLC (BT.A.LN) Thursday raised its dividend for the year and said it will increase the dividend by 10% to 15% annually for the next three years as the U.K. telecommunications operator booked a rise in fourth-quarter net profit, thanks to new broadband customers and further cost cutting.

BT has been cutting costs to get the business in shape, while rolling out a super-fast fiber broadband network to attract new customers. Its global services division, which provides information-technology and telecommunications services to companies, is also growing in Asia and Latin America.

It also recently struck a deal with its pension trustee, which removed a major overhang on the stock, and triggered speculation among analysts that the company could increase its dividend payments.

BT booked a 34% rise in net profit to GBP632 million in the fourth quarter ended March 31, beating market expectations of GBP552 million, That compares with GBP472 million in the same quarter a year earlier.

BT added 136,000 retail broadband customers in the three months ended March 31, compared with rivals British Sky Broadcasting Group PLC (>> British Sky Broadcasting Group plc) and Virgin Media Inc. (VMED) who added 212,000 and 45,700 new broadband customers respectively over the same period. News Corp. (NWS) holds a 39.1% stake in BSkyB, and also owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.

Take-up of BT's super-fast broadband product, BT Infinity, increased strongly with the addition of 131,000 customers in the fourth quarter, taking the total to more than 550,000.

BT declared a final dividend of 5.7 pence, taking the total for the year to 8.3 pence, up 12% from a year earlier.

Adjusted earnings before interest, tax, depreciation and amortization--one of the main figures tracked by U.K. telecom analysts--rose 4% to GBP1.61 billion in the fourth quarter from GBP1.55 billion, beating market expectations of GBP1.58 billion.

Fourth-quarter revenue fell 4% to GBP4.88 billion from GBP5.06 billion, broadly in line with expectations, as customers make fewer landline calls. A rising number of people are using their smartphones and Microsoft Corp.'s (>> Microsoft Corporation) Skype, which offers free calls and videocalls via the Internet, to keep in contact with family and friends.

In March, BT secured a deal with its pension trustee that cuts its pension deficit by nearly half to GBP2.1 billion and cleared the way to eliminate the remaining shortfall entirely, which was well received by the market. This triggered speculation among analysts that the company would increase its dividend.

BT shares closed at 217 pence Wednesday, valuing the company at GBP16.91 billion. The stock has risen 14% since January, outperforming the FTSE 100 index, which has fallen 0.8% over the same period.

-By Lilly Vitorovich, Dow Jones Newswires; 44-0-207 842 9290; lilly.vitorovich@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SKY PLC
08:35a REPEAT : Sky Ups Dividend As Full Year Earnings And Revenue Rise
08:28a TOP NEWS : Sky Ups Dividend As Full Year Earnings And Revenue Rise
08:21a SKY : News Owner Reports 12% Rise In Profits
07/26 BT avoids break-up with plan to run network arm separately
07/26DJVivendi Backs Away From Buying Italy's Mediaset Premium Outright -- 2nd Updat..
07/26 EXTRA : Rivals Say Legal Separation Of BT's Openreach Not Enough
07/26DJBT Openreach Should Have Separate Structure, Says U.K. Regulator
07/26 SKY : Statement from Sky on proposed Openreach reform
07/26 SKY : BT To Form Independent Openreach Board In Response To Ofcom
07/26 TOP NEWS : UK Ofcom Proposes Legal Separation Of Openreach Within BT
More news
Sector news : Broadcasting - NEC
07/27DJCOMCAST : Revenue Tops Estimates as It Loses Fewer Video Subscribers -- 2nd Upda..
07/27 COMCAST : profit drops on film sales, beats Wall Street estimates
07/27DJMARKET SNAPSHOT : Stocks Turn Lower As Fed Statement Looms
07/27DJCOMCAST : Revenue Tops Views as Video Subscriber Losses Improve--Update
07/27DJComcast Revenue Tops Estimates
More sector news : Broadcasting - NEC
News from SeekingAlpha
07/25 BT Group floats independent board for Openreach instrastucture unit
07/01 Invesco Global Growth Fund A (AGGAX) June Summary
06/02 Invesco Global Growth Fund A (AGGAX) May Summary
05/02 Invesco Global Growth Fund A (AGGAX) April Summary
04/21 Sky Plc ADR's (SKYAY) Jeremy Darroch on Q3 2016 Results - Earnings Call Trans..
Financials ( GBP)
Sales 2016 11 824 M
EBIT 2016 1 536 M
Net income 2016 994 M
Debt 2016 4 973 M
Yield 2016 3,85%
P/E ratio 2016 15,44
P/E ratio 2017 15,89
EV / Sales 2016 1,71x
EV / Sales 2017 1,59x
Capitalization 15 256 M
More Financials
Duration : Period :
SKY PLC Technical Analysis Chart | SKY | GB0001411924 | 4-Traders
Full-screen chart
Technical analysis trends SKY PLC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 27
Average target price 10,1  GBP
Spread / Average Target 14%
Consensus details
EPS Revisions
More Estimates Revisions
David Jeremy Darroch Chief Executive Officer & Executive Director
James Rupert Murdoch Chairman
Andrew John Griffith Director, Chief Operating & Financial Officer
Didier Lebrat Chief Technology Officer
Martin James Gilbert Deputy Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SKY PLC-21.00%20 111
WALT DISNEY CO-8.33%156 290
More Results