Emerald Holding, Inc. (NYSE:EEX) to Issue $0.02 Quarterly Dividend

Emerald Holding, Inc. (NYSE:EEX) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.015 per share on Thursday, March 20th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date is Monday, March 10th.

Emerald has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings.

Emerald Price Performance

Emerald stock traded up $0.03 during midday trading on Thursday, reaching $4.16. 112,267 shares of the stock traded hands, compared to its average volume of 145,910. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.02. Emerald has a 12 month low of $3.92 and a 12 month high of $7.05. The stock’s fifty day moving average is $4.58 and its 200-day moving average is $4.75. The stock has a market cap of $843.40 million, a P/E ratio of -7.69 and a beta of 1.43.

Analysts Set New Price Targets

A number of research analysts recently weighed in on EEX shares. Rosenblatt Securities cut their target price on shares of Emerald from $8.40 to $7.80 and set a “buy” rating for the company in a report on Thursday, October 31st. Maxim Group dropped their price objective on shares of Emerald from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 31st.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.