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. Investors of record on Friday, September 5th will be given a dividend of 0.08 per share on Friday, September 19th. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, September 5th.

CuriosityStream has a 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 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 Trading Up 4.0%

CURI stock traded up $0.17 during trading on Friday, hitting $4.42. 972,012 shares of the company's stock were exchanged, compared to its average volume of 666,951. The business has a 50-day moving average price of $4.97 and a two-hundred day moving average price of $3.92. The stock has a market capitalization of $254.71 million, a price-to-earnings ratio of -49.11 and a beta of 1.74. CuriosityStream has a 52-week low of $1.07 and a 52-week high of $7.15.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $19.01 million during the quarter, compared to analysts' expectations of $16.75 million. CuriosityStream had a negative return on equity of 8.37% and a negative net margin of 7.84%. On average, equities research analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CuriosityStream news, Director John S. Hendricks sold 102,810 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $4.71, for a total value of $484,235.10. Following the completion of the sale, the director owned 20,262,775 shares in the company, valued at approximately $95,437,670.25. The trade was a 0.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Clinton Larry Stinchcomb sold 80,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $4.70, for a total value of $376,000.00. Following the completion of the sale, the chief executive officer owned 2,005,827 shares of the company's stock, valued at approximately $9,427,386.90. This represents a 3.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 932,486 shares of company stock valued at $4,645,504. 49.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On CuriosityStream

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in shares of CuriosityStream by 112.9% during the second quarter. Geode Capital Management LLC now owns 727,103 shares of the company's stock worth $4,094,000 after purchasing an additional 385,534 shares during the last quarter. Informed Momentum Co LLC purchased a new stake in shares of CuriosityStream during the first quarter worth approximately $788,000. Acadian Asset Management LLC raised its stake in shares of CuriosityStream by 124.5% during the second quarter. Acadian Asset Management LLC now owns 445,082 shares of the company's stock worth $2,504,000 after purchasing an additional 246,804 shares during the last quarter. Penn Mutual Asset Management purchased a new stake in shares of CuriosityStream during the first quarter worth approximately $657,000. Finally, Jane Street Group LLC purchased a new stake in shares of CuriosityStream during the first quarter worth approximately $486,000. Hedge funds and other institutional investors own 6.79% of the company's stock.

CuriosityStream Company Profile

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.