AMC Entertainment Holdings, Inc. (NYSE:AMC) declared a quarterly dividend on Monday, August 7th, Zacks reports. Investors of record on Monday, September 11th will be paid a dividend of 0.20 per share on Wednesday, September 27th. This represents a $0.80 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend is Friday, September 8th.

AMC Entertainment Holdings has a payout ratio of -74.8% 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 AMC Entertainment Holdings to earn $0.38 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 210.5%.

AMC Entertainment Holdings (NYSE AMC) opened at 14.15 on Friday. AMC Entertainment Holdings has a 12 month low of $12.05 and a 12 month high of $35.65. The stock’s market capitalization is $1.85 billion. The company has a 50-day moving average of $16.32 and a 200 day moving average of $24.75.

AMC Entertainment Holdings (NYSE:AMC) last released its quarterly earnings data on Friday, August 4th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $1.41. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. AMC Entertainment Holdings had a negative net margin of 2.49% and a negative return on equity of 3.44%. AMC Entertainment Holdings’s quarterly revenue was up 57.3% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. On average, equities research analysts anticipate that AMC Entertainment Holdings will post ($1.02) earnings per share for the current fiscal year.

Several equities research analysts have recently commented on AMC shares. BidaskClub lowered shares of AMC Entertainment Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Barclays PLC set a $16.00 price target on shares of AMC Entertainment Holdings and gave the company a “hold” rating in a report on Tuesday, August 29th. FBR & Co reduced their price target on shares of AMC Entertainment Holdings from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Tuesday, May 9th. MKM Partners restated a “buy” rating and issued a $36.00 price target (down previously from $45.00) on shares of AMC Entertainment Holdings in a report on Friday, June 9th. Finally, Zacks Investment Research lowered shares of AMC Entertainment Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. AMC Entertainment Holdings currently has an average rating of “Hold” and a consensus price target of $29.36.

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In other news, SVP Kevin M. Connor acquired 4,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Thursday, June 8th. The stock was purchased at an average price of $23.52 per share, for a total transaction of $94,080.00. Following the purchase, the senior vice president now directly owns 40,705 shares in the company, valued at approximately $957,381.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack Qunyao Gao acquired 7,000 shares of AMC Entertainment Holdings stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average price of $13.47 per share, with a total value of $94,290.00. Following the purchase, the director now owns 10,500 shares in the company, valued at $141,435. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 31,000 shares of company stock valued at $438,370. 0.80% of the stock is currently owned by company insiders.

AMC Entertainment Holdings announced that its board has approved a stock repurchase plan on Thursday, August 3rd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to buy up to 58% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

About AMC Entertainment Holdings

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Dividend History for AMC Entertainment Holdings (NYSE:AMC)

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