Cinemark Holdings Inc (CNK) to Issue Quarterly Dividend of $0.09 on December 12th

Cinemark Holdings Inc (NYSE:CNK) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Friday, November 28th will be paid a dividend of 0.09 per share on Friday, December 12th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, November 28th. This is a 12.5% increase from Cinemark’s previous quarterly dividend of $0.08.

Cinemark has decreased its dividend by an average of 1.0%annually over the last three years. Cinemark has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cinemark to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.0%.

Cinemark Stock Up 0.1%

Shares of Cinemark stock opened at $27.99 on Wednesday. The stock has a 50-day simple moving average of $27.82 and a 200-day simple moving average of $28.73. Cinemark has a 52-week low of $23.12 and a 52-week high of $36.28. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.96 and a beta of 1.69. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.91 and a quick ratio of 0.88.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). Cinemark had a return on equity of 59.16% and a net margin of 9.13%.The business had revenue of $857.50 million for the quarter, compared to analyst estimates of $851.47 million. During the same quarter last year, the company earned $1.19 EPS. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts expect that Cinemark will post 1.93 earnings per share for the current fiscal year.

Cinemark Company Profile

Cinemark Holdings, Inc, together with its subsidiaries, engages in the motion picture exhibition business. As of February 16, 2024, it operated 501 theatres with 5,719 screens in 42 states and 13 countries in South and Central America. Cinemark Holdings, Inc was founded in 1984 and is headquartered in Plano, Texas.