Online marketing and domain name services provider Team Internet (LON: TIG) is paying a maiden interim dividend. The company continues to grow organically, supplemented by acquisitions, and this is being achieved in a less than ideal advertising market.
The 1p/share interim dividend is dependent on bank approval. Last year’s final dividend was 2p/share, but do not assume that this year’s total will be 3p/share. There is likely to be a more modest increase in total dividend. Zeus forecasts a full year dividend of 2.2p/share.
Online marketing continues to grow organically as well a...
