The IVE Group Ltd (ASX: IGL) share price has been amongst the best performers on the market today.
In afternoon trade the printing company's shares are up 3% to $2.27.
Why have its shares climbed higher?
This morning IVE Group announced that it has entered into a four-year agreement for the production of the entire stable of Pacific Magazines regular mastheads.
According to the release, the majority of titles will transition to IVE Group from mid-October, with the remaining two mastheads (New Idea and Better Homes & Garden) transitioning in January 2018.
Shareholders will no doubt be hopeful that this provides the company with a boost to its earnings and of course its generous dividend.
At present IVE Group's shares provide investors with a trailing fully franked 6.6% dividend.
