Cinemark Holdings Inc (CNK) To Go Ex-Dividend on March 3rd

Cinemark Holdings Inc (NYSE:CNK) announced a quarterly dividend on Tuesday, February 17th. Investors of record on Tuesday, March 3rd will be given a dividend of 0.09 per share on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, March 3rd.

Cinemark has decreased its dividend by an average of 0.0%annually over the last three years. Cinemark has a dividend payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cinemark to earn $2.58 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 14.0%.

Cinemark Price Performance

Cinemark stock opened at $28.23 on Friday. The business’s fifty day moving average is $24.31 and its two-hundred day moving average is $25.94. The company has a debt-to-equity ratio of 4.74, a quick ratio of 0.67 and a current ratio of 0.71. The firm has a market cap of $3.26 billion, a P/E ratio of 32.45 and a beta of 1.13. Cinemark has a 52 week low of $21.60 and a 52 week high of $34.01.

Cinemark (NYSE:CNK) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.08). Cinemark had a net margin of 4.44% and a return on equity of 34.11%. The company had revenue of $776.30 million during the quarter, compared to analyst estimates of $778.41 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts forecast that Cinemark will post 1.93 earnings per share for the current fiscal year.

About Cinemark

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.