Tribune Publishing Co (NASDAQ:TPCO) Announces $0.25 Quarterly Dividend

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Tribune Publishing Co (NASDAQ:TPCO) announced a quarterly dividend on Thursday, November 14th, Fidelity reports. Stockholders of record on Monday, November 25th will be paid a dividend of 0.25 per share on Tuesday, December 10th. This represents a $1.00 annualized dividend and a dividend yield of 8.94%. The ex-dividend date is Friday, November 22nd.

Shares of Tribune Publishing stock opened at $11.18 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 1.01. The business has a fifty day simple moving average of $8.80 and a 200-day simple moving average of $8.70. Tribune Publishing has a fifty-two week low of $7.00 and a fifty-two week high of $15.14.

Tribune Publishing (NASDAQ:TPCO) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.42). The firm had revenue of $236.03 million during the quarter, compared to analyst estimates of $227.90 million. Tribune Publishing had a negative net margin of 2.12% and a positive return on equity of 1.03%. Sell-side analysts forecast that Tribune Publishing will post 0.21 EPS for the current year.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Tribune Publishing from a “hold” rating to a “sell” rating in a research report on Friday, August 30th. Noble Financial set a $19.00 target price on Tribune Publishing and gave the stock a “buy” rating in a research report on Tuesday, August 20th.

In related news, major shareholder Michael W. Ferro, Jr. sold 23,741 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $13.00, for a total transaction of $308,633.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by insiders.

About Tribune Publishing

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, M and X. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers' Web presence for small to medium size businesses.

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