CuriosityStream Inc. Announces Special Dividend of $0.10 (NASDAQ:CURI)

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) announced a special dividend on Friday, May 9th, RTT News reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.10 per share on Friday, June 27th.

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. 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 Up 11.4%

Shares of CURI traded up $0.51 during mid-day trading on Friday, hitting $4.98. 1,438,779 shares of the company's stock traded hands, compared to its average volume of 309,291. The firm has a market capitalization of $286.98 million, a P/E ratio of -17.79 and a beta of 1.38. The business's 50-day moving average price is $2.96 and its 200-day moving average price is $2.36. CuriosityStream has a 1 year low of $0.98 and a 1 year high of $5.30.

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 the consensus estimate of ($0.01) by $0.02. The company had revenue of $15.09 million for the quarter, compared to analysts' expectations of $14.95 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. Sell-side analysts anticipate that CuriosityStream will post -0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CURI. Barrington Research raised shares of CuriosityStream from a "market perform" rating to an "outperform" rating and set a $6.00 price target for the company in a research report on Wednesday. Needham & Company LLC raised their price objective on shares of CuriosityStream from $2.95 to $4.80 and gave the stock a "buy" rating in a report on Wednesday.

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.