OUTFRONT Media Inc. (OUT) To Go Ex-Dividend on September 4th

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 4th will be paid a dividend of 0.33 per share by the financial services provider on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. This is a 10.0% increase from OUTFRONT Media’s previous quarterly dividend of $0.30.

OUTFRONT Media has raised its dividend payment by an average of 0.3%per year over the last three years. 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 $2.15 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 55.8%.

OUTFRONT Media Price Performance

NYSE OUT opened at $31.08 on Friday. The business’s fifty day moving average is $32.07 and its 200 day moving average is $29.60. OUTFRONT Media has a fifty-two week low of $16.64 and a fifty-two week high of $34.96. The company has a debt-to-equity ratio of 3.90, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $5.47 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. OUTFRONT Media had a return on equity of 38.25% and a net margin of 12.66%.The business had revenue of $429.60 million during the quarter, compared to analysts’ expectations of $431.44 million. During the same quarter in the prior year, the business posted $0.14 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts predict that OUTFRONT Media will post 2.11 earnings per share for the current year.

OUTFRONT Media Company Profile

OUTFRONT Media Inc is a leading out-of-home (OOH) advertising company offering a broad range of billboard, transit and digital display solutions across major urban markets in the United States and Canada. Its portfolio encompasses traditional static billboards, high-resolution digital signage, transit media on buses, trains and taxis, as well as street furniture placements such as bus shelters, kiosks and urban panels. The company partners with brand marketers to deliver high-impact campaigns that engage consumers outside the home environment.

Through an extensive network of assets in key metropolitan areas, OUTFRONT provides advertisers with premium visibility along highways, city streets and transit corridors.