Ithaca Energy's Dividend Could Go Higher

Dow Jones
08/20

0918 GMT - British company Ithaca Energy can return more to shareholders even after raising its full-year dividend guidance, BofA analyst Cian Evans-Cowie writes. The company will now target a dividend of $500 million to $530 million, from $470 million to $520 million. Higher production from organic growth projects and a cashflow-linked payout policy could push the dividend higher, he says. Shares rise 2.5% to 264 pence.

 

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