CuriosityStream Inc. (CURI) to Distribute Quarterly Dividend of $0.09 on December 15th

CuriosityStream Inc. (NASDAQ:CURI) announced a quarterly dividend on Wednesday, November 11th. Investors of record on Thursday, December 3rd will be paid a dividend of $0.0850 per share on Tuesday, December 15th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date is Thursday, December 3rd.

CuriosityStream has a dividend payout ratio of 1,133.3% 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 CuriosityStream to earn $0.29 per share next year, which means the company may not be able to cover its $0.34 annual dividend with an expected future payout ratio of 117.2%.

CuriosityStream Trading Up 20.7%

NASDAQ CURI opened at $2.86 on Friday. The stock has a 50-day simple moving average of $2.76 and a 200 day simple moving average of $2.93. The company has a market capitalization of $169.71 million, a PE ratio of 19.07 and a beta of 1.81. CuriosityStream has a 12 month low of $2.30 and a 12 month high of $5.10.

CuriosityStream (NASDAQ:CURI) last released its earnings results on Wednesday, November 11th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.05. CuriosityStream had a return on equity of 21.63% and a net margin of 10.99%. The firm had revenue of $20.72 million for the quarter, compared to analyst estimates of $19.98 million. As a group, sell-side analysts predict that CuriosityStream will post 0.20 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CuriosityStream news, CEO Clinton Stinchcomb bought 20,000 shares of CuriosityStream stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of $2.60 per share, for a total transaction of $52,000.00. Following the completion of the acquisition, the chief executive officer owned 3,021,260 shares in the company, valued at approximately $7,855,276. The trade was a 0.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

Several large investors have recently modified their holdings of the business. Virtus Advisers LLC acquired a new position in shares of CuriosityStream in the 3rd quarter valued at approximately $444,000. Diversified Trust Co raised its holdings in shares of CuriosityStream by 52.4% during the third quarter. Diversified Trust Co now owns 20,745 shares of the company’s stock worth $60,000 after acquiring an additional 7,132 shares during the period. Russell Investments Group Ltd. lifted its position in CuriosityStream by 1,518.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 252,306 shares of the company’s stock valued at $734,000 after acquiring an additional 236,721 shares in the last quarter. StoneX Group Inc. bought a new stake in CuriosityStream in the 3rd quarter valued at $48,000. Finally, Public Employees Retirement System of Ohio bought a new stake in CuriosityStream in the 2nd quarter valued at $25,000. 6.79% of the stock is currently owned by institutional investors.

CuriosityStream Company Profile

CuriosityStream Inc. is a factual-media company focused on documentary and nonfiction programming. Its content covers subjects such as science, technology, history, nature and society, and is available through its Curiosity Stream subscription service and other distribution channels. The company also develops and produces programming and licenses content to third-party platforms and distributors. Its services reach audiences in multiple countries through direct subscriptions and distribution partnerships.