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GVC ups dividend

TIP UPDATE: GVC (GVC) has upped its quarterly dividend after the World Cup boosted second-quarter trading.
July 17, 2014

GVC (GVC) has the World Cup to thank for a strong second-quarter's trading. Total net gaming revenue rose 11 per cent on the same quarter last year to €55m (£44m) and is up 9 per cent on the first quarter of 2014. Total revenues for the first half were €105m, up 45 per cent on the same period last year.

IC TIP: Buy at 457p

GVC revealed the usual increase to its dividend, now up to 12.5ȼ a share. This half-year dividend is 8.7 per cent higher than the previous quarterly dividend of 11.5ȼ and 19 per cent higher than last year's half-year dividend.