CuriosityStream Inc. (NASDAQ:CURI) Plans Dividend Increase – $0.09 Per Share

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Thursday, May 14th. Investors of record on Friday, June 5th will be paid a dividend of 0.085 per share on Friday, June 19th. This represents a c) dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Friday, June 5th. This is a 6.3% increase from CuriosityStream’s previous quarterly dividend of $0.08.

CuriosityStream has a dividend payout ratio of 1,066.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CuriosityStream to earn $0.15 per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of 213.3%.

CuriosityStream Trading Up 6.1%

Shares of NASDAQ CURI opened at $3.13 on Friday. The firm has a market cap of $184.59 million, a PE ratio of -31.30 and a beta of 1.82. CuriosityStream has a 1-year low of $2.81 and a 1-year high of $7.15. The company has a fifty day moving average price of $3.20 and a 200 day moving average price of $3.66.

CuriosityStream (NASDAQ:CURI) last announced its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $15.16 million during the quarter, compared to analyst estimates of $16.79 million. CuriosityStream had a negative net margin of 8.97% and a negative return on equity of 13.07%. Equities research analysts forecast that CuriosityStream will post 0.04 EPS for the current year.

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.