CuriosityStream Inc. (CURI) to Issue Quarterly Dividend of $0.08 on December 19th

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, December 5th will be given a dividend of 0.08 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, December 5th.

CuriosityStream has a dividend payout ratio of 1,066.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect CuriosityStream to earn ($0.03) per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of -1,066.7%.

CuriosityStream Stock Down 1.3%

Shares of CURI stock traded down $0.06 during trading on Wednesday, reaching $4.46. The company’s stock had a trading volume of 69,763 shares, compared to its average volume of 615,506. CuriosityStream has a one year low of $1.47 and a one year high of $7.15. The business has a fifty day moving average price of $4.62 and a 200-day moving average price of $4.84. The company has a market cap of $260.02 million, a price-to-earnings ratio of -49.55 and a beta of 1.84.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%. The business had revenue of $18.36 million during the quarter, compared to analyst estimates of $16.35 million. Research analysts anticipate that CuriosityStream will post -0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CURI shares. Wall Street Zen upgraded CuriosityStream from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of CuriosityStream in a report on Wednesday, November 26th. Needham & Company LLC boosted their target price on shares of CuriosityStream from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday, September 25th. Barrington Research reaffirmed an “outperform” rating and set a $6.00 price target on shares of CuriosityStream in a research report on Thursday, November 13th. Finally, Craig Hallum started coverage on shares of CuriosityStream in a research note on Monday, August 18th. They issued a “buy” rating and a $7.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.33.

About CuriosityStream

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.