National CineMedia, Inc. (NASDAQ:NCMI) to Issue Quarterly Dividend of $0.03

National CineMedia, Inc. (NASDAQ:NCMI) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 9th will be given a dividend of 0.03 per share by the business services provider on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, March 9th.

National CineMedia has decreased its dividend payment by an average of 1.0%per year over the last three years. National CineMedia has a payout ratio of 133.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect National CineMedia to earn $0.21 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 57.1%.

National CineMedia Price Performance

Shares of National CineMedia stock traded up $0.12 on Friday, hitting $3.63. 70,256 shares of the company’s stock traded hands, compared to its average volume of 332,260. National CineMedia has a one year low of $3.17 and a one year high of $6.76. The company has a fifty day moving average of $3.67 and a two-hundred day moving average of $4.10. The company has a market capitalization of $340.60 million, a price-to-earnings ratio of -24.23 and a beta of 1.38.

National CineMedia (NASDAQ:NCMI) last posted its quarterly earnings results on Thursday, February 26th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. National CineMedia had a negative return on equity of 2.67% and a negative net margin of 6.39%.The firm had revenue of ($149.53) million for the quarter, compared to analysts’ expectations of $92.25 million. Equities research analysts anticipate that National CineMedia will post -0.12 earnings per share for the current year.

About National CineMedia

National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.

Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.