The Marcus Co. (NYSE:MCS – Get Free Report) declared a quarterly dividend on Tuesday, August 6th, Wall Street Journal reports. Investors of record on Monday, August 26th will be paid a dividend of 0.07 per share on Monday, September 16th. This represents a $0.28 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, August 26th.
Marcus has increased its dividend payment by an average of 12.2% annually over the last three years. Marcus has a dividend payout ratio of 75.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Marcus to earn $0.37 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 75.7%.
Marcus Price Performance
Shares of NYSE:MCS traded up $0.07 during trading on Tuesday, hitting $12.87. 335,485 shares of the stock were exchanged, compared to its average volume of 616,787. Marcus has a 12-month low of $9.56 and a 12-month high of $16.75. The company has a market cap of $413.83 million, a PE ratio of 53.50, a P/E/G ratio of 12.04 and a beta of 1.51. The company has a fifty day moving average price of $11.23 and a two-hundred day moving average price of $12.66. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.39.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. StockNews.com downgraded Marcus from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Barrington Research reiterated an “outperform” rating and set a $20.00 price objective on shares of Marcus in a report on Friday. Benchmark reaffirmed a “buy” rating and set a $18.00 target price on shares of Marcus in a research report on Monday, July 29th. Finally, B. Riley lifted their target price on Marcus from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, July 8th.
Read Our Latest Stock Report on MCS
About Marcus
The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.
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