CuriosityStream Inc. (NASDAQ:CURI) Declares $0.03 Quarterly Dividend

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, July 12th will be given a dividend of 0.025 per share on Wednesday, July 31st. This represents a $0.10 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date of this dividend is Friday, July 12th.

CuriosityStream has a dividend payout ratio of -90.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect CuriosityStream to earn ($0.03) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -333.3%.

CuriosityStream Price Performance

Shares of CURI stock traded up $0.10 during trading hours on Thursday, hitting $1.25. The stock had a trading volume of 61,707 shares, compared to its average volume of 635,262. The stock has a market capitalization of $66.60 million, a price-to-earnings ratio of -1.30 and a beta of 1.15. The stock’s 50-day moving average price is $0.92 and its two-hundred day moving average price is $0.68. CuriosityStream has a one year low of $0.45 and a one year high of $1.55.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Wednesday, March 20th. The company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.08. The company had revenue of $14.78 million for the quarter, compared to analysts’ expectations of $16.20 million. CuriosityStream had a negative return on equity of 32.94% and a negative net margin of 85.95%. As a group, equities research analysts predict that CuriosityStream will post -0.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC boosted their price objective on shares of CuriosityStream from $1.25 to $1.35 and gave the company a “buy” rating in a research report on Wednesday.

Insiders Place Their Bets

In other news, major shareholder Hendricks Factual Media Llc sold 28,006 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $1.00, for a total value of $28,006.00. Following the completion of the transaction, the insider now directly owns 21,169,423 shares of the company’s stock, valued at approximately $21,169,423. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 363,614 shares of company stock worth $371,230 in the last three months. Corporate insiders own 55.40% of the company’s stock.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.