Tribune (NYSE:TRCO) announced a quarterly dividend on Friday, August 9th, Fidelity reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.25 per share on Tuesday, September 3rd. This represents a $1.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, August 16th.

Tribune has increased its dividend by an average of 10.1% per year over the last three years. Tribune has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Tribune to earn $3.87 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.8%.

Shares of NYSE TRCO opened at $46.60 on Thursday. The firm’s 50-day simple moving average is $46.41. The company has a debt-to-equity ratio of 0.85, a current ratio of 3.69 and a quick ratio of 3.69. The stock has a market cap of $4.11 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 2.00 and a beta of 0.48. Tribune has a 12-month low of $34.23 and a 12-month high of $46.63.

Tribune (NYSE:TRCO) last announced its earnings results on Friday, August 9th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.08. The firm had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $484.33 million. Tribune had a net margin of 18.05% and a return on equity of 9.00%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. On average, equities analysts forecast that Tribune will post 2.51 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Tribune from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Saturday, May 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Tribune Company Profile

Tribune Media Company, through its subsidiaries, operates as a diversified media and entertainment company in the United States. It offers news, entertainment, and sports programming through Tribune Broadcasting local television stations, including FOX television affiliates, CW Network, LLC television affiliates, CBS television affiliates, ABC television affiliates, MY television affiliates, NBC television affiliates, and independent television stations; and television series and movies on WGN America, a national general entertainment cable network.

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Dividend History for Tribune (NYSE:TRCO)

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