888 Profits Soar, Can Pay Dividend for Fifth Consecutive Year

It’s really a good time to be a shareholder of 888 Holdings since the company announced Wednesday profits jumped 82 percent and so they will yet again be paying a dividend.
888 Holdings leader Itai Frieberger made the announcement that the organization ended up being paying investors a dividend for the 5th year that is consecutive.
The stock rose seven percent regarding the London Exchange and reached an 11-year high.
Experts are really bullish on the company. Investec analysts rated the stock a buy.
‘Given 888’s size and technology that is superior, also as the growing Sport item vertical, we regard 888 as either a consolidator or key potential take-out target,’ the company wrote in an email.
Dividends Including Up
It is the fifth year that is consecutive will notice a return from the business enterprise. They’ve been suggesting a final dividend of 5.1 cents per share along with an additional one-off 10.5 cents per share for 2016.
‘there’s no true point sitting on the cash,’ leader Itai Frieberger told Bloomberg News. ‘we don’t get any value on that if we do. We’re relatively small and we’ve enough to accomplish what you want to do.’
The payout was permitted by the strong performance of the sportsbetting and casino divisions.
Stumbles Not Falls
There have been a few hiccups last year, but not enough to affect general performance of the online gaming group.
In August a deal to acquire William Hill was rejected for be
