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

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 7th will be given a dividend of 0.30 per share by the financial services provider on Friday, June 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Friday, June 7th.

OUTFRONT Media has raised its dividend by an average of 46.7% per year over the last three years. OUTFRONT Media has a dividend payout ratio of 157.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect OUTFRONT Media to earn $1.60 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 75.0%.

OUTFRONT Media Price Performance

OUTFRONT Media stock traded down $0.95 during midday trading on Friday, reaching $15.09. The company’s stock had a trading volume of 3,480,692 shares, compared to its average volume of 1,999,250. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 4.39. The stock has a market cap of $2.50 billion, a PE ratio of -5.65, a price-to-earnings-growth ratio of 1.06 and a beta of 1.87. OUTFRONT Media has a 52 week low of $8.18 and a 52 week high of $17.02. The business has a 50-day moving average price of $15.75 and a 200-day moving average price of $13.72.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OUT shares. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of OUTFRONT Media in a research report on Friday. StockNews.com upgraded OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. Finally, TheStreet upgraded shares of OUTFRONT Media from a “d+” rating to a “c-” rating in a research report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, OUTFRONT Media has a consensus rating of “Hold” and a consensus price target of $14.75.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.