Emerald Holding, Inc. (NYSE:EEX) to Issue Quarterly Dividend of $0.02

Key Points

• Quarterly dividend of $0.015 per share declared, payable April 2 to shareholders of record March 23 (ex-dividend date March 23), implying about a 1.5% yield.
• Emerald reported a quarterly EPS loss of $0.15 vs. consensus $0.04 (a $0.19 miss) while revenue of $132.7M slightly beat estimates, signaling weaker profitability despite top-line resilience.
• The dividend appears covered (payout ratio ~28.6%), though management has trimmed the dividend modestly over the past three years (about a 0.4% annual decline), suggesting limited but not immediate payout risk.

Emerald Holding, Inc. (NYSE:EEX - Get Free Report) declared a quarterly dividend on Thursday, March 12th. Investors of record on Monday, March 23rd will be given a dividend of 0.015 per share on Thursday, April 2nd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, March 23rd.

Emerald has decreased its dividend payment by an average of 0.4%per year over the last three years. Emerald has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings.

Emerald Price Performance

Shares of Emerald stock traded down $0.03 on Friday, hitting $4.12. The company's stock had a trading volume of 55,157 shares, compared to its average volume of 39,066. The company has a market capitalization of $814.78 million, a price-to-earnings ratio of 137.35 and a beta of 0.63. Emerald has a 1 year low of $3.21 and a 1 year high of $5.45. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a fifty day moving average price of $4.65 and a 200-day moving average price of $4.56.

Emerald (NYSE:EEX - Get Free Report) last announced its earnings results on Friday, March 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.19). Emerald had a net margin of 1.05% and a return on equity of 1.20%. The company had revenue of $132.70 million during the quarter, compared to analyst estimates of $131.00 million.

Institutional Trading of Emerald

Several hedge funds have recently made changes to their positions in EEX. MSD Partners L.P. increased its holdings in Emerald by 31.3% in the 4th quarter. MSD Partners L.P. now owns 1,400,339 shares of the company's stock valued at $6,260,000 after purchasing an additional 333,701 shares during the last quarter. Contrarian Capital Management L.L.C. boosted its position in shares of Emerald by 12.1% during the third quarter. Contrarian Capital Management L.L.C. now owns 879,000 shares of the company's stock worth $4,474,000 after buying an additional 95,138 shares during the period. Citadel Advisors LLC grew its stake in shares of Emerald by 197.6% in the third quarter. Citadel Advisors LLC now owns 92,276 shares of the company's stock valued at $470,000 after buying an additional 61,273 shares in the last quarter. Jane Street Group LLC grew its stake in shares of Emerald by 239.7% in the fourth quarter. Jane Street Group LLC now owns 82,034 shares of the company's stock valued at $367,000 after buying an additional 57,886 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Emerald in the 2nd quarter valued at $214,000. Hedge funds and other institutional investors own 14.90% of the company's stock.

About Emerald

Emerald NYSE: EEX is a global provider of independent data, news and analytics for commodity, financial and energy markets. The company operates digital platforms that deliver real-time and historical price assessments, market commentary, research reports and risk-management tools. Its subscriber base spans traders, asset managers, corporate hedgers and financial institutions seeking timely intelligence to support trading, risk management and investment decisions.

Serving clients across North America, Europe and Asia-Pacific, Emerald covers a broad range of markets including metals, energy products, agriculture, freight, environmental emissions and treasury benchmarks.

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