This stock has risen a long way from its lows in 2016. But with a yield above 5%, is it a dividend share worth owning now? This is what I’d do about it.
BBC News
Published
image copyrightGetty Images
US casino giant MGM Resorts has abandoned a takeover attempt for Ladbrokes and Coral owner Entain after its earlier proposal was spurned.
MGM said it will not raise its $11bn (£8.1bn) offer of two weeks ago, which Entain had rebuffed as significantly undervaluing the company.
Following Entain s rejection, shares in the UK-listed company tumbled.
After MGM s announcement on Tuesday it was walking away from a takeover, Entain shares fell another 20%.
FTSE 100-listed Entain. which renamed itself from GVC Holdings last month, describes itself as one of the world s largest sports betting and gaming groups operating in the online and retail sector .
How to invest in a UK recovery: With Brexit done and vaccinations forging ahead, these funds and investment trusts are set to bounce back
With Brexit finally - and literally - a done deal, many hope the fortunes of unloved UK funds and trusts will improve this year and beyond
Positive vaccination news is also raising hopes for a turnaround this year
Latest industry statistics revealed mass outflows from UK funds over 2020
The UK All Companies sector was hit the hardest