Tribune Publishing Co (NASDAQ:TPCO) Plans Quarterly Dividend of $0.25

Tribune Publishing Co (NASDAQ:TPCO) declared a quarterly dividend on Thursday, November 14th, Fidelity reports. Investors of record on Monday, November 25th will be paid a dividend of 0.25 per share on Tuesday, December 10th. This represents a $1.00 annualized dividend and a yield of 9.08%. The ex-dividend date of this dividend is Friday, November 22nd.

TPCO traded up $1.28 during midday trading on Wednesday, hitting $11.01. 6,515 shares of the company’s stock traded hands, compared to its average volume of 103,939. The stock’s fifty day simple moving average is $8.75 and its 200-day simple moving average is $8.69. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.01 and a quick ratio of 0.98. Tribune Publishing has a one year low of $7.00 and a one year high of $15.14.

Tribune Publishing (NASDAQ:TPCO) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.42). The business had revenue of $236.03 million for the quarter, compared to the consensus estimate of $227.90 million. Tribune Publishing had a negative net margin of 2.12% and a positive return on equity of 1.03%. As a group, research analysts expect that Tribune Publishing will post 0.21 EPS for the current fiscal year.

Several equities analysts have commented on TPCO shares. Zacks Investment Research downgraded Tribune Publishing from a “hold” rating to a “sell” rating in a report on Friday, August 30th. Noble Financial set a $19.00 price objective on shares of Tribune Publishing and gave the stock a “buy” rating in a research note on Tuesday, August 20th.

In other Tribune Publishing news, major shareholder Michael W. Ferro, Jr. sold 23,741 shares of Tribune Publishing stock in a transaction on Friday, November 15th. The shares were sold at an average price of $13.00, for a total transaction of $308,633.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.20% of the stock is owned by insiders.

Tribune Publishing Company Profile

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

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