CuriosityStream Inc. (NASDAQ:CURI) Plans Quarterly Dividend of $0.09

Key Points

• CuriosityStream declared a quarterly dividend of $0.085 per share ($0.34 annualized), with a reported 14.3% yield; shareholders of record December 3 are scheduled to receive payment December 15.
• The dividend appears difficult to sustain from earnings: the payout ratio is 1,133.3%, and projected next-year EPS of $0.29 falls short of the $0.34 annual dividend.
• In its latest quarter, CuriosityStream reported EPS of $0.08, beating the $0.03 consensus, and revenue of $20.72 million, above estimates of $19.98 million.

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) announced a quarterly dividend on Wednesday, November 11th. Investors of record on Thursday, December 3rd will be given a dividend of $0.0850 per share on Tuesday, December 15th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date is Thursday, December 3rd.

CuriosityStream has a payout ratio of 1,133.3% meaning 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 $0.29 per share next year, which means the company may not be able to cover its $0.34 annual dividend with an expected future payout ratio of 117.2%.

CuriosityStream Price Performance

CuriosityStream stock opened at $2.37 on Thursday. The stock has a market capitalization of $140.63 million, a P/E ratio of 237.00 and a beta of 1.81. CuriosityStream has a 12-month low of $2.30 and a 12-month high of $5.10. The firm's 50-day moving average is $2.76 and its two-hundred day moving average is $2.93.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its earnings results on Wednesday, November 11th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.03 by $0.05. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%. The firm had revenue of $20.72 million during the quarter, compared to analyst estimates of $19.98 million. As a group, analysts forecast that CuriosityStream will post 0.20 EPS for the current year.

Insider Activity

In other CuriosityStream news, CEO Clinton Stinchcomb bought 20,000 shares of the company's stock in a transaction dated Friday, August 28th. The shares were acquired at an average cost of $2.60 per share, with a total value of $52,000.00. Following the completion of the transaction, the chief executive officer owned 3,021,260 shares in the company, valued at $7,855,276. The trade was a 0.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Diversified Trust Co boosted its holdings in CuriosityStream by 52.4% in the third quarter. Diversified Trust Co now owns 20,745 shares of the company's stock valued at $60,000 after purchasing an additional 7,132 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in CuriosityStream during the 2nd quarter worth approximately $25,000. Diversify Wealth Management LLC purchased a new stake in CuriosityStream during the 1st quarter worth approximately $53,000. StoneX Group Inc. purchased a new stake in CuriosityStream during the 3rd quarter worth approximately $48,000. Finally, Bank of New York Mellon Corp raised its position in shares of CuriosityStream by 6.0% in the 1st quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company's stock valued at $1,322,000 after purchasing an additional 25,366 shares in the last quarter. Hedge funds and other institutional investors own 6.79% of the company's stock.

CuriosityStream Company Profile

CuriosityStream Inc. is a media and entertainment company that operates a subscription streaming service focused on factual and nonfiction programming. Its content covers subjects such as science, technology, history, nature, space, engineering and society, with documentaries, series and other educational video programs available through digital platforms. The company distributes its programming through its own streaming service and through third-party distribution and technology partners. CuriosityStream has served viewers internationally, offering content through online and connected-TV platforms in multiple markets and making programming available in several languages through subtitles or dubbing.

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