Scripps Networks Boosts Quarterly Stock Dividend
Scripps Networks Interactive said its board voted to increase the dividend on the company's shares to 25 cents a share from 23 cents a share.
The company will announce its fourth quarter earnings next week.
Media companies have been increasing returns to shareholders by increasing dividend payouts and buying back shares. In general, media stocks have been moving lower later over concerns about cord cutting and a declining number of pay-TV subscribers.
The new Scripps Networks dividend is payable March 10 to shareholders of record on Feb. 29.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.