It is a good time for you to be a shareholder of 888 Holdings because the company announced Wednesday profits jumped 82 % and additionally they will yet again be paying a dividend.
888 Holdings leader Itai Frieberger made the statement that the company was paying shareholders a dividend for the 5th year that is consecutive.
The stock rose seven per cent on the London Exchange and reached an 11-year high.
Experts are really bullish on the company. Investec analysts rated the stock a purchase.
‘Given 888’s size and technology that is superior, also as its growing Sport product vertical, we respect 888 as either a consolidator or key potential take-out target,’ the company wrote in an email.
Dividends Incorporating Up
It is the fifth year that is consecutive aristocrat pokies download will visit a return from the business. They are recommending a last dividend of 5.1 cents per share along with one more one-off 10.5 cents per share for 2016.
‘there’s no true point sitting on the cash,’ Chief Executive Itai Frieberger told Bloomberg Information. ‘If we do, we don’t get any value on that. We are relatively small and we now have enough to do what we should do.’
The payout was authorized by the strong performance associated with the sportsbetting and casino divisions.
Stumbles Not Falls
There were a few hiccups last year, but not enough to impact general performance of the web gaming group.