A P/E ratio of 10 times and a 6% yield! I’d buy this FTSE 100 dividend stock for my ISA

first_img Image source: Getty Images. It wasn’t a shock to see ITV’s (LSE: ITV) share price balloon following mid-December’s general election. Its move to 13-month peaks above 150p per share reflected the improved near-term outlook concerning Brexit. And it was hoped this would herald a recovery in advertising budgets.What is a bit of a surprise to me, though, is investor appetite for ITV has fallen off more recently. Consequently the broadcaster’s shed 10% of its value since the turn of 2020.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…I believe, though, that this spate of recent weakness represents a top buying opportunity. The outlook for UK advertising spend still looks pretty robust. And recent data on the subject illustrates this point perfectly.Ad budgets to rise again!The Expenditure Report authored by the Advertising Association and marketing research specialist WARC is a much-watched gauge on the health of the domestic ad market. And, fortunately, the latest release leaves broadcasters like ITV with plenty to get excited about.The study suggests total advertising spending in Britain will rise 5.2% in 2020, matching the predicted growth rate for last year. Pleasingly for the broadcasters, television ad budgets are expected to rise 1.7% this year.This suggests conditions are set to improve markedly for ITV and its television rivals.The fallout of the Brexit referendum almost four years ago has hammered business confidence more recently and with it, overall marketing spend. Indeed, previous Expenditure reports showed a 0.1% improvement in annual TV ad spend in 2018. And the current edition suggests budgets actually dropped 0.5% in 2019.VOD squadLast month’s report is particularly encouraging for ITV, given the massive investment it’s made to improve the ‘ITV Hub’ video on demand (or VOD) platform. The Advertising Association and WARC expects ad revenues in this sub-segment of the media arena to rise at a slower pace in 2020 versus previous years. But expectations of a 14.5% year-on-year improvement in VOD ad sales still provides plenty to cheer.ITV is reaping the fruits of improving advertiser budgets already. In quarter three, total ad sales rose 1%, at the top end of its guidance. And this is thanks in large part to the success of ITV Hub. It hit the magic 30m subscriber target a full two years ahead of schedule. In recent months, it’s launched an addressable advertising platform to boost its sales-creating opportunities too.Big dividends at low costBut don’t just think of ITV as a great buy on a strong outlook for ad spending in 2020. Revenues at the ITV Studios division are growing at a handsome pace. And they should keep doing so as the unit’s global footprint expands. On top of this, the launch of the BritBox streaming service in late 2019 adds another layer to its earnings picture for the years ahead.At current prices, ITV sports a forward P/E ratio of just 10.3 times. It’s a reading I consider to be far too low in light of its exceptional long-term growth opportunities. Throw a chubby 6% dividend yield for 2020 into the mix, and I reckon this is one stock worthy of serious attention from dip buyers. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Royston Wild | Sunday, 9th February, 2020 | More on: ITV I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Royston Wildcenter_img Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has recommended ITV. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” A P/E ratio of 10 times and a 6% yield! I’d buy this FTSE 100 dividend stock for my ISAlast_img read more

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Judge orders journalist to surrender notes to Cheney’s former chief of staff

first_img News NSO Group hasn’t kept its promises on human rights, RSF and other NGOs say United StatesAmericas May 31, 2006 – Updated on January 20, 2016 Judge orders journalist to surrender notes to Cheney’s former chief of staff to go further News Organisation Reporters Without Borders welcomes the release yesterday of Judith Miller (photo), who spent 12 weeks in prison for refusing to reveal a source. Today, after being released by her source from her promise of confidentiality, she will have to name the source and betray the principle of confidentiality in exchange for her freedom. Reporters Without Borders regrets that a key principle of journalism is thus being flouted. RSF_en Help by sharing this information News Receive email alerts News Facebook’s Oversight Board is just a stopgap, regulation urgently needed, RSF says Reporters Without Borders today deplored a judge’s decision that Time magazine reporter Matthew Cooper’s notes of his conversations with Vice-President Dick Cheney’s chief of staff, Lewis “Scooter” Libby, should be handed over to the lawyers defending Libby on charges of perjury and obstructing justice.Federal judge Reggie B. Walton’s 26 May ruling “failed to respect the independence of the press,” the press freedom organisation said.Libby is suspected of telling Cooper and other journalists that Valerie Plame, the wife of a foreign service officer who criticised the Iraq invasion decision, was a CIA agent. He is currently accused of perjury and obstructing justice for allegedly lying to a federal grand jury about the source of the Plame leak. The case is expected to come to trial next January.Libby and his lawyers are meanwhile on the counter-attack, trying to cast doubt on the good faith of the journalists he supposedly took into his confidence. As well as Cooper, he has also asked Judith Miller of the New York Times and Andrea Mitchell of NBC News to surrender notes, files and e-mails that could help his defence.After examining the files, Judge Walton said he found a few differences between Cooper’s notes of his conversations with Libby and the written account he submitted to a preliminary hearing before a grand jury, and that he was therefore ordering Cooper to hand them over to Libby’s lawyers. “For the time being,” his decision did not concern Miller or Mitchell, he said. Walton said journalists did not have First Amendment protection in a criminal case.Cooper and Miller were found guilty of contempt of court twice for refusing to reveal their sources. After the supreme court refused to rule on their case on 27 June 2005, Cooper avoided going to prison by naming Libby as his source. Miller was imprisoned from 6 July to 29 September when she, too, finally gave in. She has since left the New York Times.__________________________________________________________________________30.09.05 – Judith Miller is freed, but at the expense of the confidentiality of sources Reporters Without Borders today hailed the release yesterday of New York Times reporter Judith Miller, who had been in prison since 6 July for refusing to reveal a source, but the organisation regretted that, in order to obtain her freedom, she has been forced to violate the principle that journalists’ sources are confidential.“Miller’s release is obviously good news in itself, but she recovered her freedom in exchange for naming her source, albeit with the source’s agreement, which means that the principle of the confidentiality of sources, one of the pillars of journalism, has been flouted,” the press freedom organisation said.“The fight must go on for recognition of this principle by the US federal justice system,” Reporters Without Borders said. “We hope that congress, where two bills on this question have been presented, will tackle this quickly.”Miller emerged yesterday afternoon from Alexandria federal prison in the eastern state of Virginia where she had spent nearly 12 weeks. She was released under an agreement with federal prosecutor Patrick Fitzgerald, who held her in contempt of court for refusing to name her source in the case of Valerie Plame, the former CIA agent whose name was leaked to the press in 2003.Miller’s refusal led to her being sentenced twice by a federal appeal court, as was Matthew Cooper of Time. After the supreme court on 27 June refused to take up their case, Cooper avoided going to prison by finally agreeing to name his source but Miller continued to refuse. The New York Times has reported that her source was Lewis Libby, a close aide of Vice-President Dick Cheney. Miller is expected to confirm this today to the grand jury of the federal appeal court that previously sent her to jail.It is now up to legislators to settle the debate about the confidentiality of journalists’ sources. Two bills on the subject were presented to congress in February but have yet to be debated. Their passage would put an end to a legal void under which this principle is not recognised at the federal level but is, in theory, in 31 states that have so-called shield laws. WhatsApp blocks accounts of at least seven Gaza Strip journalists June 3, 2021 Find out more June 7, 2021 Find out more United StatesAmericas Follow the news on United States April 28, 2021 Find out morelast_img read more

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