OUTFRONT Media Inc. (NYSE:OUT – Get Free Report) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Friday, June 7th will be given a dividend of 0.30 per share by the financial services provider on Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Friday, June 7th.
OUTFRONT Media has increased its dividend payment by an average of 46.7% annually over the last three years. OUTFRONT Media has a payout ratio of 157.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect OUTFRONT Media to earn $1.60 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 75.0%.
OUTFRONT Media Price Performance
NYSE:OUT opened at $15.09 on Friday. The business’s 50-day moving average price is $15.75 and its 200 day moving average price is $13.72. OUTFRONT Media has a 52-week low of $8.18 and a 52-week high of $17.02. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 4.39.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on OUTFRONT Media
About OUTFRONT Media
OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.
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