Thursday, May 10, 2007

E.W. Scripps Increases Dividend 16.7%

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.
(click on table/chart for larger image)

E.W. Scripps dividend analysis, May 10, 2007
E.W. Scripps stock chart, May 10, 2007

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