National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Friday, May 22nd will be given a dividend of 0.03 per share by the business services provider on Thursday, June 4th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, May 22nd.
National CineMedia has decreased its dividend payment by an average of 0.5%per year over the last three years. National CineMedia has a payout ratio of 133.3% indicating that 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 National CineMedia to earn $0.13 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 92.3%.
National CineMedia Stock Performance
National CineMedia stock opened at $2.98 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.03. National CineMedia has a 1-year low of $2.78 and a 1-year high of $5.55. The firm has a 50-day moving average of $3.33 and a 200-day moving average of $3.66. The firm has a market cap of $279.46 million, a P/E ratio of -33.11 and a beta of 1.43.
About National CineMedia
National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.
Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.
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