Media company E.W. Scripps (SSP) announced a 16.7% increase in the company's second quarter 2007 cash dividend to 14 cents per share versus 12 cents per share in the 2nd quarter of 2006. The company does have a history of not increasing its dividend on an every fifth quarter basis though.
- The 5-year average dividend growth rate for SSP is approximately 12%.
- The payout ratio on 2007 estimated earnings of $2.21 is ~25%. This compares to the 5-year average payout ratio of 21%.
- The company has exceeded earnings expectations in each of the last six quarters.
- The company has an A- S&P Earnings and Dividend Ranking.
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