Outfront Media Inc (NYSE:OUT) announced a quarterly dividend on Wednesday, February 28th, Wall Street Journal reports. Investors of record on Friday, March 9th will be given a dividend of 0.36 per share by the financial services provider on Friday, March 30th. This represents a $1.44 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, March 8th.
Outfront Media has a payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Outfront Media to earn $2.26 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 63.7%.
Outfront Media (NYSE OUT) opened at $19.34 on Wednesday. Outfront Media has a twelve month low of $18.92 and a twelve month high of $26.97. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $2,691.96, a PE ratio of 9.68, a PEG ratio of 1.66 and a beta of 1.06.
OUT has been the topic of several recent analyst reports. Zacks Investment Research cut Outfront Media from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Wells Fargo & Co lowered their price target on Outfront Media from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 28th. Finally, ValuEngine lowered Outfront Media from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Outfront Media has a consensus rating of “Hold” and a consensus price target of $26.50.
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About Outfront Media
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
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