OUTFRONT Media Inc. (NYSE:OUT) Raises Dividend to $0.33 Per Share

OUTFRONT Media Inc. (NYSE:OUT) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Friday, September 4th will be given a dividend of 0.33 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. This is a 10.0% increase from OUTFRONT Media’s previous quarterly dividend of $0.30.

OUTFRONT Media has increased its dividend by an average of 0.3%annually over the last three years. OUTFRONT Media has a payout ratio of 141.2% 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 OUTFRONT Media to earn $2.15 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 55.8%.

OUTFRONT Media Price Performance

OUT stock opened at $32.09 on Thursday. The firm has a market cap of $5.65 billion, a P/E ratio of 30.57, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. OUTFRONT Media has a 1 year low of $16.64 and a 1 year high of $34.96. The stock has a 50-day simple moving average of $32.10 and a 200-day simple moving average of $29.56.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.28 by $0.06. The firm had revenue of $429.60 million for the quarter, compared to analyst estimates of $431.44 million. OUTFRONT Media had a return on equity of 30.36% and a net margin of 9.98%.OUTFRONT Media’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS. On average, equities analysts predict that OUTFRONT Media will post 2.11 earnings per share for the current fiscal year.

About OUTFRONT Media

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.