GVC Holdings PLC (AIM:GVC) - online gambling pays… dividends!
The leading online sports betting and gaming group, has announced tremendous results for the year ending 31st December 2014 together with news of yet another special dividend – this one is all about cash and the dividend growth, but shouldn't they all!.
GVC Holdings PLC is a leading online sports betting and gaming group. It operates a number of brands across over 20 countries and has over 700 employees. Net Gaming Revenue (‘NGR’) was up 32% to €225m, clean EBITDA up 28% to €49.2m and profit before tax up 217% to €41.3m. This supports a quarterly dividend raised from 12.5 €cents to 14.0 €cents per share and a further 1.5 €cents per share special dividend, giving a total of 15.5 €cents (11.27p) per share. This results in 2014 dividends of 55.5 €cents (40p) equating to a yield of 8.6% at the current…