Scripps Networks Interactive Inc. (NASDAQ:SNI) declared a quarterly dividend on Thursday, November 10th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.25 per share on Saturday, December 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Monday, November 28th.

Scripps Networks Interactive (NASDAQ:SNI) opened at 70.50 on Friday. Scripps Networks Interactive has a 12 month low of $50.81 and a 12 month high of $73.71. The company has a market cap of $9.10 billion, a PE ratio of 11.65 and a beta of 1.12. The company has a 50 day moving average price of $65.70 and a 200-day moving average price of $64.28.

Scripps Networks Interactive (NASDAQ:SNI) last announced its quarterly earnings results on Monday, November 7th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.31. Scripps Networks Interactive had a return on equity of 34.21% and a net margin of 23.37%. The business earned $803.10 million during the quarter, compared to the consensus estimate of $794.62 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. Scripps Networks Interactive’s revenue was up 3.5% compared to the same quarter last year. Equities analysts predict that Scripps Networks Interactive will post $5.23 earnings per share for the current fiscal year.

Dividend History for Scripps Networks Interactive (NASDAQ:SNI)

In other Scripps Networks Interactive news, EVP Cynthia L. Gibson sold 2,238 shares of the company’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $62.25, for a total value of $139,315.50. Following the transaction, the executive vice president now directly owns 19,495 shares in the company, valued at approximately $1,213,563.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Eva Scripps Attal sold 500,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $69.15, for a total value of $34,575,000.00. Following the completion of the transaction, the insider now owns 319,454 shares in the company, valued at $22,090,244.10. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in SNI. GAM Holding AG raised its position in shares of Scripps Networks Interactive by 4.1% in the second quarter. GAM Holding AG now owns 13,442 shares of the company’s stock valued at $837,000 after buying an additional 535 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Scripps Networks Interactive by 15.3% in the second quarter. Canada Pension Plan Investment Board now owns 12,046 shares of the company’s stock valued at $750,000 after buying an additional 1,600 shares during the period. Tredje AP fonden raised its position in shares of Scripps Networks Interactive by 362.0% in the second quarter. Tredje AP fonden now owns 3,280 shares of the company’s stock valued at $204,000 after buying an additional 2,570 shares during the period. Advantus Capital Management Inc raised its position in shares of Scripps Networks Interactive by 1.6% in the second quarter. Advantus Capital Management Inc now owns 9,218 shares of the company’s stock valued at $574,000 after buying an additional 146 shares during the period. Finally, BlackRock Japan Co. Ltd raised its position in shares of Scripps Networks Interactive by 40.2% in the second quarter. BlackRock Japan Co. Ltd now owns 174,226 shares of the company’s stock valued at $10,849,000 after buying an additional 49,955 shares during the period. Institutional investors and hedge funds own 65.62% of the company’s stock.

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Several brokerages recently issued reports on SNI. Evercore ISI downgraded Scripps Networks Interactive from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a report on Wednesday, August 10th. Zacks Investment Research upgraded Scripps Networks Interactive from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Citigroup Inc. cut their price objective on Scripps Networks Interactive from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25th. Jefferies Group cut their price objective on Scripps Networks Interactive from $69.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, August 10th. Finally, Argus reissued a “buy” rating and issued a $100.00 price objective on shares of Scripps Networks Interactive in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. Scripps Networks Interactive has a consensus rating of “Hold” and a consensus target price of $68.73.

Scripps Networks Interactive Company Profile

Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for linear and interactive video platforms, including television and the Internet brands. The Company’s segments include U.S. Networks, International Networks, and Corporate and Other. Its U.S. Networks segment includes its approximately six national television networks: HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and Great American Country.

5 Day Chart for NASDAQ:SNI

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