Grupo Televisa, S.A.B. (NYSE:TV) Announces Annual Dividend of $0.11

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) announced an annual dividend on Tuesday, May 21st, Wall Street Journal reports. Stockholders of record on Thursday, May 30th will be given a dividend of 0.1056 per share on Monday, June 10th. This represents a dividend yield of 2.4%. The ex-dividend date is Thursday, May 30th. This is a boost from Grupo Televisa, S.A.B.'s previous annual dividend of $0.10.

Grupo Televisa, S.A.B. has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Grupo Televisa, S.A.B. to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 66.7%.

Grupo Televisa, S.A.B. Trading Down 3.8 %

NYSE:TV traded down $0.13 during midday trading on Tuesday, hitting $3.27. The stock had a trading volume of 966,370 shares, compared to its average volume of 1,506,068. The stock has a 50-day moving average of $3.12 and a 200 day moving average of $3.05. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -3.76 and a beta of 1.79. Grupo Televisa, S.A.B. has a one year low of $2.10 and a one year high of $5.41. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 0.04.

Grupo Televisa, S.A.B. (NYSE:TV - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.14. The firm had revenue of $939.92 million for the quarter, compared to analyst estimates of $1.02 billion. Grupo Televisa, S.A.B. had a negative return on equity of 6.18% and a negative net margin of 11.78%. As a group, sell-side analysts forecast that Grupo Televisa, S.A.B. will post 0.01 EPS for the current year.

Analyst Ratings Changes

TV has been the subject of several recent research reports. Benchmark reissued a "buy" rating and issued a $12.00 price target on shares of Grupo Televisa, S.A.B. in a research report on Thursday, May 16th. StockNews.com upgraded shares of Grupo Televisa, S.A.B. from a "sell" rating to a "hold" rating in a research note on Monday, February 26th. Finally, Bank of America lowered Grupo Televisa, S.A.B. from a "buy" rating to a "neutral" rating and set a $3.50 price objective for the company. in a report on Monday, April 15th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $5.28.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.