Cinemark Holdings Inc (CNK) To Go Ex-Dividend on May 28th

Cinemark Holdings Inc (NYSE:CNK) announced a quarterly dividend on Thursday, May 14th. Investors of record on Thursday, May 28th will be given a dividend of 0.09 per share on Thursday, June 11th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 28th.

Cinemark has decreased its dividend payment by an average of 0.0%per year over the last three years. Cinemark has a dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cinemark to earn $2.43 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 14.8%.

Cinemark Stock Performance

CNK opened at $25.94 on Friday. The business has a fifty day simple moving average of $28.14 and a 200 day simple moving average of $26.43. The company has a market capitalization of $3.03 billion, a PE ratio of 22.96 and a beta of 1.03. Cinemark has a 1 year low of $21.60 and a 1 year high of $34.01. The company has a debt-to-equity ratio of 5.03, a current ratio of 0.62 and a quick ratio of 0.58.

Cinemark (NYSE:CNK) last released its earnings results on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The company had revenue of $643.10 million for the quarter, compared to the consensus estimate of $632.74 million. Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.32) earnings per share. Research analysts expect that Cinemark will post 2.11 EPS for the current year.

Cinemark Company Profile

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.