Marcus Corp (NYSE:MCS) declared a quarterly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Monday, August 26th will be paid a dividend of 0.16 per share on Monday, September 16th. This represents a $0.64 annualized dividend and a yield of 1.84%. The ex-dividend date is Friday, August 23rd.

Marcus has raised its dividend by an average of 13.5% annually over the last three years and has raised its dividend every year for the last 7 years. Marcus has a dividend payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 30.8%.

MCS traded down $0.06 on Wednesday, hitting $34.74. 9 shares of the company were exchanged, compared to its average volume of 272,056. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.39. The business’s fifty day moving average is $34.09 and its 200 day moving average is $37.23. Marcus has a fifty-two week low of $31.90 and a fifty-two week high of $45.82. The firm has a market capitalization of $1.08 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 1.27 and a beta of 0.57.

Marcus (NYSE:MCS) last issued its earnings results on Thursday, July 25th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Marcus had a net margin of 6.00% and a return on equity of 9.59%. The company had revenue of $232.50 million for the quarter, compared to analyst estimates of $227.65 million. Analysts forecast that Marcus will post 1.84 EPS for the current fiscal year.

MCS has been the topic of several recent analyst reports. ValuEngine lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, May 17th. B. Riley upgraded shares of Marcus from a “neutral” rating to a “buy” rating and increased their price target for the company from $41.00 to $46.00 in a research report on Friday, April 26th. Finally, Zacks Investment Research lowered shares of Marcus from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.50.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. As of March 12, 2019, it owned or operated 1,098 screens at 90 locations in 17 states; and owned and managed 21 hotels, resorts, and other properties in nine states. The company also operates a family entertainment center under the Funset Boulevard name in Appleton, Wisconsin, as well as owns and operates a retail outlet under the name of Ronnie's Plaza.

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Dividend History for Marcus (NYSE:MCS)

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