CuriosityStream Inc. (NASDAQ:CURI) Plans $0.09 Quarterly Dividend

CuriosityStream Inc. (NASDAQ:CURI) announced a quarterly dividend on Wednesday, August 12th. Investors of record on Friday, September 4th will be paid a dividend of 0.085 per share on Friday, September 18th. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Friday, September 4th.

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. Equities analysts expect CuriosityStream to earn $0.22 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 154.5%.

CuriosityStream Price Performance

NASDAQ:CURI opened at $2.80 on Thursday. The business’s 50-day moving average is $2.63 and its two-hundred day moving average is $2.99. CuriosityStream has a 12 month low of $2.30 and a 12 month high of $5.51. The firm has a market capitalization of $165.12 million, a PE ratio of -21.54 and a beta of 1.77.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.11. CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.The company had revenue of $23.25 million during the quarter, compared to the consensus estimate of $21.32 million. Equities analysts anticipate that CuriosityStream will post 0.07 EPS for the current year.

Insider Activity

In related news, CFO Phillip Brady Hayden sold 30,400 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.56, for a total value of $77,824.00. Following the sale, the chief financial officer directly owned 71,267 shares of the company’s stock, valued at $182,443.52. This represents a 29.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Patrick J. Keeley sold 31,559 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.70, for a total transaction of $85,209.30. Following the transaction, the director owned 188,450 shares in the company, valued at $508,815. This trade represents a 14.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 31.10% of the company’s stock.

Institutional Investors Weigh In On CuriosityStream

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of CuriosityStream in the 3rd quarter valued at about $45,000. State of Alaska Department of Revenue acquired a new position in CuriosityStream in the fourth quarter worth about $35,000. Schonfeld Strategic Advisors LLC bought a new stake in CuriosityStream in the third quarter valued at about $54,000. Mangrove Partners IM LLC bought a new stake in CuriosityStream in the fourth quarter valued at about $42,000. Finally, The Manufacturers Life Insurance Company bought a new stake in CuriosityStream in the second quarter valued at about $64,000. Institutional investors own 6.79% of the company’s stock.

CuriosityStream Company Profile

CuriosityStream, Inc (NASDAQ: CURI) is a global streaming media company specializing in factual content across science, nature, history and technology. Founded in 2015 by John Hendricks, the founder of the Discovery Channel, CuriosityStream offers on-demand documentaries, series and short-form programming designed to inform and entertain viewers with high-quality educational content. The company’s library features both original productions and licensed titles, covering topics such as space exploration, wildlife conservation, archaeology and cutting-edge scientific research.

Since its launch, CuriosityStream has expanded its reach to subscribers in more than 175 countries, delivering content in multiple languages and via a range of platforms.