CuriosityStream Inc. (NASDAQ:CURI) to Issue $0.08 Quarterly Dividend

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Friday, March 6th will be paid a dividend of 0.08 per share on Friday, March 20th. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Friday, March 6th.

CuriosityStream has a payout ratio of 1,066.7% 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 CuriosityStream to earn ($0.03) 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 -1,066.7%.

CuriosityStream Stock Performance

Shares of CURI stock traded down $0.14 during midday trading on Wednesday, reaching $3.43. 623,802 shares of the company were exchanged, compared to its average volume of 648,207. The company’s 50 day moving average price is $4.00 and its two-hundred day moving average price is $4.37. The company has a market cap of $199.97 million, a P/E ratio of -38.11 and a beta of 1.84. CuriosityStream has a 12 month low of $2.06 and a 12 month high of $7.15.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings data on Wednesday, November 12th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%. The company had revenue of $18.36 million for the quarter, compared to analyst estimates of $16.35 million. As a group, sell-side analysts predict that CuriosityStream will post -0.2 earnings per share for the current year.

Insider Activity

In related news, CFO Phillip Brady Hayden sold 17,474 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $3.76, for a total value of $65,702.24. Following the completion of the sale, the chief financial officer owned 101,667 shares in the company, valued at approximately $382,267.92. This represents a 14.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Clinton Larry Stinchcomb sold 100,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $4.62, for a total transaction of $462,000.00. Following the sale, the chief executive officer directly owned 2,417,998 shares in the company, valued at approximately $11,171,150.76. This trade represents a 3.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 377,729 shares of company stock valued at $1,767,506 over the last ninety days. Corporate insiders own 52.00% of the company’s stock.

Institutional Trading of CuriosityStream

Several hedge funds and other institutional investors have recently modified their holdings of CURI. Hillsdale Investment Management Inc. raised its position in CuriosityStream by 7.8% during the third quarter. Hillsdale Investment Management Inc. now owns 65,771 shares of the company’s stock valued at $349,000 after buying an additional 4,750 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in shares of CuriosityStream by 41.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 17,194 shares of the company’s stock valued at $65,000 after purchasing an additional 5,039 shares during the period. R Squared Ltd increased its holdings in shares of CuriosityStream by 36.1% in the 4th quarter. R Squared Ltd now owns 20,245 shares of the company’s stock valued at $77,000 after purchasing an additional 5,365 shares during the period. Bank of America Corp DE lifted its position in shares of CuriosityStream by 36.6% in the third quarter. Bank of America Corp DE now owns 26,920 shares of the company’s stock worth $143,000 after purchasing an additional 7,206 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of CuriosityStream during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 6.79% of the company’s stock.

About CuriosityStream

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.