CuriosityStream Inc. (NASDAQ:CURI) Declares Quarterly Dividend of $0.03

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, July 12th will be given a dividend of 0.025 per share on Wednesday, July 31st. This represents a $0.10 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend is Friday, July 12th.

CuriosityStream has a payout ratio of -90.9% 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 ($0.03) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -333.3%.

CuriosityStream Price Performance

NASDAQ CURI traded up $0.05 on Thursday, hitting $1.20. 101,639 shares of the stock were exchanged, compared to its average volume of 635,777. The business's fifty day moving average is $0.92 and its 200 day moving average is $0.68. CuriosityStream has a 52 week low of $0.45 and a 52 week high of $1.55. The company has a market capitalization of $63.97 million, a PE ratio of -1.30 and a beta of 1.15.

CuriosityStream (NASDAQ:CURI - Get Free Report) last issued its earnings results on Wednesday, March 20th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.17) by $0.08. The company had revenue of $14.78 million for the quarter, compared to analysts' expectations of $16.20 million. CuriosityStream had a negative net margin of 85.95% and a negative return on equity of 32.94%. Analysts predict that CuriosityStream will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC increased their target price on CuriosityStream from $1.25 to $1.35 and gave the stock a "buy" rating in a report on Wednesday.

Insider Activity at CuriosityStream

In other news, major shareholder Hendricks Factual Media Llc sold 28,006 shares of CuriosityStream stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $1.00, for a total value of $28,006.00. Following the transaction, the insider now owns 21,169,423 shares in the company, valued at approximately $21,169,423. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 363,614 shares of company stock valued at $371,230 over the last three months. 55.40% of the stock is owned by insiders.

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.