RE: SP Up-grade14 Oct 2020 12:45
Smalltrader, sadly I very much doubt if ITV will return to 'normalised' dividend payments for some time yet although I wouldn't rule out a one-off special dividend in the event of a take -over.
Carolyn McCall has already mentioned that the company has participated in the Government's furlough scheme for her employees during this pandemic, so that money will have to be paid back initially once this crisis sorts itself out.
The last thing that McCall wants right now is for those employee payments to be 'securitised' in the form of a loan from the government and to be paying extortionate interest rates on it whilst it sits on the company's balance sheet.
Luckily, ITV being a largely cash generative company will be able to afford to pay off this loan pretty quickly, sadly a lot of other companies (the self-employed especially) won't be so lucky and will be loaded with debt for the unforeseeable future !
Its all part of the Government's master plan !