It’s really a time that is good be a shareholder of 888 Holdings once the company announced Wednesday profits jumped 82 percent and they will yet again be paying a dividend.
888 Holdings leader Itai Frieberger made the announcement that the company had been paying investors a dividend for the 5th year that is consecutive.
The stock rose seven percent on the London Exchange and reached an 11-year high.
Experts are extremely bullish on the company. Investec analysts rated the stock a buy.
‘Given 888’s size and technology that is superior, as well as the growing Sport product vertical, we respect 888 as either a consolidator or key potential take-out target,’ the business wrote in a note.
Dividends Incorporating Up
It is the 5th year that is consecutive will view aristocrat pokies download for android a return from the company. They truly are recommending a dividend that is final of cents per share along with yet another one-off 10.5 cents per share for 2016.
‘Thereis no point sitting on the cash,’ Chief Executive Itai Frieberger told Bloomberg News. ‘we don’t get any value on that if we do. We are relatively small and we now have enough to do what we want to do.’
The payout was authorized by the strong performance regarding the sportsbetting and casino divisions.
Stumbles Not Falls
There have been a couple of hiccups last year, but not enough to affect overall performance of the online gaming group.
In August a deal to acquire William Hill was re Continue reading “888 Earnings Soar, Will Probably Pay Dividend for Fifth Consecutive Year”