Vivendi plans to spin out Universal Music Group

  • Vivendi (OTCPK:VIVHY) plans to spin out Universal Music Group and distribute 60% of UMG's share capital to Vivendi shareholders.
  • The distribution will take the form of an special dividend and Vivendi will call a special shareholder meeting for March 29 to modify its bylaws and make the distribution possible, according a press release from Vivendi.
  • "Vivendi’s leading institutional shareholders have been pressing for a number of years for a split or the distribution of Universal Music Group to reduce Vivendi’s conglomerate discount," Vivendi said in the statement.
  • The transaction has received an initial favor able response from Tencent-led (OTCPK:TCEHY), with whom the planned listed will be examined.
  • Vivendi will also propose an ordinary dividend of €0.60 per share for the 2020 fiscal year at the shareholders’ meeting called to approve the company’s financial statements on June 22.

    Fundamentals Vivendi

    Over the current book year the total revenue from the company in Parijs will be 15.97 billion euros (consensus estimates). This is slightly more than 2019's revenue of 15.9 billion euros.

    Historical revenues and results Vivendi Universal plus estimates 2020

    aandelenanalyses

    The analysts expect for 2020 a net profit of 1.22 billion euros. Most of the analysts anticipate on a profit per share of 1.06 euros. So the price/earnings-ratio equals 24.62.

    Per share the analysts expect a dividend of 61 cents per share. Vivendi Universal 's dividend yield thus equals 2.34 percent. The average dividend yield of the entertainment companies equals a moderate 0.16 percent.

    Based on the current number of outstanding shares Vivendi Universal 's market capitalization is 33.09 billion euros. The Vivendi Universal stock was the past 12 months quite unstable. Since last February the stock is 6 percent higher. This year the stock price moved between 17 and 27 euro.

    Historical stock prices Vivendi Universal past 10 years

    financial analysis vivendiuniversal

    Click here for dividend Vivendi Universal. On Friday the stock closed at 26.1 euros.

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