OUTFRONT Media Inc. (OUT) to Issue Quarterly Dividend of $0.30 on June 30th

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Thursday, May 7th. Investors of record on Friday, June 5th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, June 5th.

OUTFRONT Media has increased its dividend payment by an average of 0.3%annually over the last three years. OUTFRONT Media has a payout ratio of 141.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect OUTFRONT Media to earn $2.17 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 55.3%.

OUTFRONT Media Stock Performance

Shares of OUT stock opened at $31.55 on Wednesday. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. OUTFRONT Media has a fifty-two week low of $15.45 and a fifty-two week high of $34.96. The stock has a 50 day moving average price of $30.09 and a two-hundred day moving average price of $26.71. The company has a market capitalization of $5.55 billion, a P/E ratio of 30.04, a PEG ratio of 1.50 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last issued its earnings results on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 30.36%. The firm had revenue of $429.60 million for the quarter, compared to analysts’ expectations of $431.44 million. During the same quarter last year, the business earned $0.14 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Analysts expect that OUTFRONT Media will post 2.11 earnings per share for the current year.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.