Sky TV's Fellet picks up shares on market as analyst questions future dividends

Thu, 24 Aug 2017

By Paul McBeth Aug. 24 (BusinessDesk) - Sky Network Television John Fellet lifted his small stake in the pay-TV operator yesterday after presiding over a 21 percent slump in annual profit and smaller dividend payment. Fellet bought 50,100 shares for $152,506.04, or $3.04 a share, in one trade on market yesterday, lifting his holding to 216,400, documents lodged with the NZX show. That was on a day when the stock closed at its lowest level since late 2000, and preceding the merger with former cornerstone shareholder Independent Newspapers...

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