CuriosityStream Inc. Declares Quarterly Dividend of $0.08 (NASDAQ:CURI)

Key Points

• CuriosityStream Inc. has declared a quarterly dividend of $0.08 per share, with stockholders of record set to receive it on September 19th.
• The company has a significantly high dividend payout ratio of 1,066.7%, indicating it is currently unable to cover its dividend with earnings and is relying on its balance sheet.
• CuriosityStream's stock price has declined by 10% recently, trading at $4.24, with a 52-week range between $1.04 and $7.15.

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.08 per share on Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, September 5th.

CuriosityStream has a dividend 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. Research 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 Down 10.0%

Shares of NASDAQ CURI traded down $0.47 during midday trading on Wednesday, reaching $4.24. The company had a trading volume of 2,064,180 shares, compared to its average volume of 568,302. CuriosityStream has a one year low of $1.04 and a one year high of $7.15. The firm's fifty day moving average price is $5.11 and its 200-day moving average price is $3.86. The stock has a market cap of $244.35 million, a PE ratio of -30.29 and a beta of 1.74.

CuriosityStream (NASDAQ:CURI - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.02. CuriosityStream had a negative return on equity of 12.49% and a negative net margin of 13.99%. The company had revenue of $15.09 million for the quarter, compared to the consensus estimate of $14.95 million. As a group, equities research analysts expect that CuriosityStream will post -0.2 EPS for the current year.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.

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