OUTFRONT Media Inc. (OUT) to Issue Quarterly Dividend of $0.30 on June 30th

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Friday, June 5th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 5th.

OUTFRONT Media has increased its dividend by an average of 0.3%per year over the last three years. OUTFRONT Media has a payout ratio of 141.2% indicating that 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 OUTFRONT Media to earn $2.12 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 56.6%.

OUTFRONT Media Trading Up 3.3%

Shares of OUT opened at $33.88 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 0.92 and a quick ratio of 0.92. OUTFRONT Media has a 1 year low of $14.45 and a 1 year high of $34.96. The company has a 50 day simple moving average of $28.49 and a two-hundred day simple moving average of $25.00. The firm has a market cap of $5.97 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.50.

OUTFRONT Media (NYSE:OUT) last announced its quarterly earnings data on Thursday, May 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a net margin of 9.98% and a return on equity of 31.18%. The business had revenue of $429.60 million during the quarter, compared to analyst estimates of $431.44 million. During the same period last year, the firm posted $0.14 EPS. The company’s revenue was up 10.0% on a year-over-year basis. On average, equities analysts expect that OUTFRONT Media will post 2.08 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.