OUTFRONT Media Inc. (NYSE:OUT) Announces Quarterly Dividend of $0.30

Key Points

• OUTFRONT Media Inc. announced a quarterly dividend of $0.30 per share, which translates to an annual yield of 6.6%, payable to shareholders of record on September 5th.
• The company has a high payout ratio of 141.2%, indicating it is currently relying on its balance sheet to cover dividend payments, though future earnings projections suggest a more sustainable payout ratio of 69.8%.
• OUTFRONT Media's stock rose by 1.9% to $18.30 during trading, with a market cap of $3.06 billion and a PE ratio of 12.05.

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) announced a quarterly dividend on Tuesday, August 5th, RTT News reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.30 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 6.6%.

OUTFRONT Media has a payout ratio of 141.2% meaning 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 OUTFRONT Media to earn $1.72 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 69.8%.

OUTFRONT Media Stock Up 1.9%

OUTFRONT Media stock traded up $0.35 during trading hours on Tuesday, hitting $18.30. 1,911,640 shares of the stock traded hands, compared to its average volume of 1,580,407. The firm's 50-day moving average price is $16.89 and its two-hundred day moving average price is $16.74. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 4.37. The company has a market cap of $3.06 billion, a PE ratio of 12.05, a PEG ratio of 1.04 and a beta of 1.89. OUTFRONT Media has a one year low of $12.95 and a one year high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last released its earnings results on Tuesday, August 5th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. OUTFRONT Media had a net margin of 14.60% and a return on equity of 42.24%. On average, research analysts forecast that OUTFRONT Media will post 1.59 EPS for the current year.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.

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