In terms of profitability, things are a bit murkier. Ignoring this deal’s impact reveals that revenue increased by around £65m. While a missed target can be frustrating, it’s worth pointing out that part of the reason stems from the firm’s decision to spin BT Sports into its joint venture with Warner Bros Discovery. That’s actually down by 3% versus a year ago and shy by 1.14% of the £5.27bn predicted by analysts.
During the three months leading up to the end of December 2022, total revenue came in at £5.21bn. But on 2 February, management provided investors a nine-month and third-quarter trading update. How are the financials looking in 2023 so far?īT Group’s fiscal year ends in March. This vast product and service portfolio, paired with a current 5.7% dividend yield, makes it a popular UK stock among income investors.īut can it maintain and grow this impressive payout in the long run? Let’s take a look. The company lies at the heart of the British telecommunication sector but has operations spanning 180 countries worldwide.īT is a global leader in fixed mobile networks, provides networking, security, and connectivity solutions to businesses, and is the leading force in deploying the UK’s 5G communications network. With growing uncertainty plaguing the stock market, investors are increasingly interested in the long-term BT Group Plc ( LSE:BT.A) dividend forecast.
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