British Sky Broadcasting increases 2014 full year dividend by 7%

DividendMax Ltd.

British Sky Broadcasting increases 2014 full year dividend by 7%

Good financial performance

·    Adjusted revenue up 7% to £7.6 billion

·    Strong finish to the year

·    Adjusted basic earnings per share flat at 60.0 pence, despite investment in connected TV services and one-off step-up in Premier League costs

·    7% increase in full year dividend to 32.0 pence per share

Core businesses growing well

·    Added 3.1 million new paid-for products, 23% more than prior year

·    342,000 new customers, highest customer growth in 3 years

·    TV growth of 264,000, double rate of prior year

·    Sky Sports share of viewing at highest level in seven years

·    New Sky+ homepage rolled out to 8.3 million homes

New areas of business accelerating

·    Over 50% TV customers now connected driving threefold increase in On Demand usage

·    19% increase in Sky Go customers

·    Sky Store revenues doubled year on year

·    Sky AdSmart attracted 180 advertisers in first six months, 68% new to Sky

·    One in five NOW TV customers take both Entertainment and Movies monthly passes

Creating a world-class multinational pay TV business

·    Acquiring 100% of Sky Italia and 57.4% of Sky Deutschland from 21st Century Fox

·    Expanded growth opportunity, benefits of scale and significant synergy potential

·    Combining complementary businesses with shared brand and market-leading capabilities

Companies mentioned