ITV shareholders in £156m pay day

City A.M. Reporter

ITV SHAREHOLDERS are in line for a £156m special dividend, as the broadcaster today posted a 13 per cent rise in full-year earnings.

The FTSE firm this morning reported adjusted revenues for 2012 of £520m, on total external revenues up three per cent to £2.2bn.
Having ended the year with net cash of £206m, the firm is paying a full year dividend of 2.6p a share and a special dividend of 4p a share.
ITV’s earnings were boosted by growth in non-advertising revenue, which rose 12 per cent to £1.04bn with the firm's production division, ITV Studios, increasing revenue 16 per cent to £712m.