Marcus Corporation (The) (NYSE:MCS) Declares Quarterly Dividend of $0.08

Key Points

• Marcus Corporation announced a quarterly dividend increase to $0.08 per share, which represents a 14.3% rise from the previous dividend of $0.07.
• The company's payout ratio stands at 41.8%, indicating that the earnings adequately cover the dividends, with expectations of $0.46 EPS in the next year.
• Shares of Marcus traded up 0.7% to reach $14.90, with analysts giving the stock an average rating of "Buy" and a target price of $24.50.

Marcus Corporation (The) (NYSE:MCS - Get Free Report) declared a quarterly dividend on Tuesday, August 5th, RTT News reports. Stockholders of record on Monday, August 25th will be given a dividend of 0.08 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, August 25th. This is a 14.3% increase from Marcus's previous quarterly dividend of $0.07.

Marcus has a payout ratio of 41.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Marcus to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 60.9%.

Marcus Price Performance

Shares of NYSE MCS traded down $0.53 during midday trading on Friday, reaching $14.57. 320,334 shares of the stock traded hands, compared to its average volume of 264,020. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.39 and a quick ratio of 0.42. The stock has a market capitalization of $455.95 million, a PE ratio of 32.37, a P/E/G ratio of 2.82 and a beta of 1.24. Marcus has a one year low of $12.68 and a one year high of $23.16. The company's 50 day moving average is $16.96 and its 200 day moving average is $17.60.

Marcus (NYSE:MCS - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $206.04 million during the quarter, compared to the consensus estimate of $192.79 million. Marcus had a return on equity of 4.28% and a net margin of 1.91%. On average, equities research analysts anticipate that Marcus will post 0.36 earnings per share for the current year.

Marcus Company Profile

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.