Marcus Corporation (The) Plans Quarterly Dividend of $0.08 (NYSE:MCS)

Marcus Corporation (The) (NYSE:MCS) announced a quarterly dividend on Wednesday, February 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.08 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 25th.

Marcus has decreased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 2 years. Marcus has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Marcus to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 69.6%.

Marcus Stock Up 1.1%

Shares of NYSE:MCS opened at $16.12 on Thursday. Marcus has a fifty-two week low of $12.85 and a fifty-two week high of $22.38. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $15.50 and its 200-day simple moving average is $15.21. The company has a market cap of $495.05 million, a price-to-earnings ratio of 67.17, a PEG ratio of 2.01 and a beta of 0.61.

Marcus declared that its board has initiated a stock buyback program on Friday, October 31st that allows the company to buyback 4,000,000 outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.