Outfront Media Inc. (NYSE:OUT – Get Rating) announced a quarterly dividend on Thursday, August 4th, Wall Street Journal reports. Shareholders of record on Friday, September 2nd will be given a dividend of 0.30 per share by the financial services provider on Friday, September 30th. This represents a $1.20 annualized dividend and a yield of 6.74%. The ex-dividend date of this dividend is Thursday, September 1st.
Outfront Media has a dividend payout ratio of 91.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Outfront Media to earn $2.20 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 54.5%.
Outfront Media Stock Down 0.2 %
Shares of NYSE:OUT opened at $17.81 on Friday. Outfront Media has a one year low of $16.07 and a one year high of $29.36. The company has a 50 day moving average of $17.80 and a 200-day moving average of $22.73. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 0.98 and a beta of 1.68.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
OUT has been the subject of several analyst reports. Citigroup lowered their price target on shares of Outfront Media from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, July 7th. Morgan Stanley lowered their price target on shares of Outfront Media from $33.00 to $22.00 and set an “equal weight” rating for the company in a research report on Friday, June 10th.
Outfront Media Company Profile
Outfront Media Inc 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 Media Inc will fundamentally change the ways advertisers engage audiences on-the-go.
- Get a free copy of the StockNews.com research report on Outfront Media (OUT)
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