Marcus Corporation (The) (NYSE:MCS) to Issue Quarterly Dividend of $0.09

Marcus Corporation (The) (NYSE:MCS) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.09 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, August 25th. This is a 12.5% increase from Marcus’s previous quarterly dividend of $0.08.

Marcus has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Marcus has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Marcus to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 23.4%.

Marcus Stock Performance

NYSE:MCS opened at $31.01 on Wednesday. The stock has a 50-day moving average price of $23.01 and a 200 day moving average price of $19.13. The stock has a market capitalization of $953.06 million, a P/E ratio of 43.68, a P/E/G ratio of 2.92 and a beta of 0.51. Marcus has a 12-month low of $12.85 and a 12-month high of $32.42. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34.

Marcus (NYSE:MCS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.16. Marcus had a net margin of 2.87% and a return on equity of 2.67%. The business had revenue of $231.74 million during the quarter, compared to analyst estimates of $217.72 million. Equities research analysts forecast that Marcus will post 0.7 EPS for the current fiscal 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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.