Cinemark Holdings Inc (NYSE:CNK) to Issue $0.09 Quarterly Dividend

Cinemark Holdings Inc (NYSE:CNK) declared a quarterly dividend on Wednesday, February 18th. Shareholders of record on Tuesday, March 3rd will be given a dividend of 0.09 per share on Tuesday, March 17th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, March 3rd.

Cinemark has decreased its dividend payment by an average of 1.0%per year over the last three years. Cinemark has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cinemark to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.0%.

Cinemark Price Performance

NYSE:CNK traded up $0.17 during trading hours on Thursday, reaching $26.58. The company had a trading volume of 180,725 shares, compared to its average volume of 2,773,065. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 5.01. The stock has a 50-day moving average of $23.90 and a two-hundred day moving average of $25.88. Cinemark has a one year low of $21.60 and a one year high of $34.01. The firm has a market capitalization of $3.12 billion, a PE ratio of 25.52, a PEG ratio of 2.51 and a beta of 1.13.

Cinemark (NYSE:CNK) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.29). The business had revenue of $776.30 million during the quarter, compared to analyst estimates of $778.41 million. Cinemark had a net margin of 4.93% and a return on equity of 34.33%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.33 earnings per share. Analysts forecast that Cinemark will post 1.93 earnings per share for the current year.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.