Cinemark Holdings Inc (NYSE:CNK) Plans Quarterly Dividend of $0.09

Cinemark Holdings Inc (NYSE:CNK) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Wednesday, August 26th will be given a dividend of 0.09 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 26th.

Cinemark has decreased its dividend payment by an average of 0.0%per year over the last three years. Cinemark has a payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cinemark to earn $2.66 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 13.5%.

Cinemark Price Performance

Shares of CNK stock opened at $37.38 on Thursday. The business has a fifty day simple moving average of $33.04 and a 200 day simple moving average of $29.30. The company has a market cap of $4.33 billion, a P/E ratio of 22.12 and a beta of 1.00. The company has a quick ratio of 0.81, a current ratio of 0.84 and a debt-to-equity ratio of 3.87. Cinemark has a twelve month low of $21.60 and a twelve month high of $38.98.

Cinemark (NYSE:CNK) last released its earnings results on Thursday, July 30th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.16. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Cinemark had a return on equity of 50.94% and a net margin of 6.44%.The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share. On average, sell-side analysts forecast that Cinemark will post 2.34 EPS for the current fiscal 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.