Outfront Media Inc (NYSE:OUT) declared a quarterly dividend on Wednesday, February 28th, Wall Street Journal reports. Stockholders of record on Friday, March 9th will be paid 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 dividend yield of 7.68%. The ex-dividend date is Thursday, March 8th.
Outfront Media has a dividend payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings. 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%.
Shares of NYSE OUT traded up $0.06 during midday trading on Thursday, hitting $18.74. The stock had a trading volume of 1,498,744 shares, compared to its average volume of 1,272,694. The company has a market cap of $2,591.80, a PE ratio of 20.82, a P/E/G ratio of 1.60 and a beta of 1.06. Outfront Media has a 52 week low of $18.47 and a 52 week high of $26.87. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.26 and a current ratio of 1.25.
Several research analysts have recently issued reports on OUT shares. Zacks Investment Research upgraded shares of Outfront Media from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Tuesday, January 2nd. ValuEngine downgraded shares of Outfront Media from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wells Fargo decreased their price objective on shares of Outfront Media from $30.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $26.50.
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Outfront Media Company Profile
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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