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

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) declared a quarterly dividend on Monday, May 5th, NASDAQ Dividends reports. Investors of record on Friday, June 6th will be given a dividend of 0.08 per share on Friday, June 20th. This represents a $0.32 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Friday, June 6th.

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 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 Performance

Shares of NASDAQ:CURI traded down $0.11 during mid-day trading on Friday, hitting $5.65. 709,040 shares of the company traded hands, compared to its average volume of 359,140. The firm has a market cap of $325.59 million, a P/E ratio of -20.18 and a beta of 1.79. CuriosityStream has a 52-week low of $0.98 and a 52-week high of $7.15. The firm's 50 day simple moving average is $4.35 and its 200 day simple moving average is $2.93.

CuriosityStream (NASDAQ:CURI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.02. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The firm had revenue of $15.09 million for the quarter, compared to analyst estimates of $14.95 million. Equities research analysts expect that CuriosityStream will post -0.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CURI. Barrington Research raised CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 price target on the stock in a research report on Wednesday, May 7th. Needham & Company LLC upped their price target on shares of CuriosityStream from $2.95 to $4.80 and gave the stock a "buy" rating in a research note on Wednesday, May 7th.

Institutional Investors Weigh In On CuriosityStream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its stake in CuriosityStream by 101.7% during the 1st quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company's stock valued at $147,000 after purchasing an additional 27,582 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in CuriosityStream by 657.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company's stock valued at $337,000 after buying an additional 109,138 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of CuriosityStream during the first quarter valued at $486,000. Finally, Acadian Asset Management LLC increased its position in CuriosityStream by 121.8% in the first quarter. Acadian Asset Management LLC now owns 198,278 shares of the company's stock worth $529,000 after purchasing an additional 108,891 shares during the period. 6.79% of the stock is currently owned by institutional investors and hedge funds.

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.