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

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, December 4th will be given a dividend of $0.33 per share by the financial services provider on Thursday, December 31st. This represents a $1.32 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, December 4th.

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 155.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect OUTFRONT Media to earn $2.24 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 58.9%.

OUTFRONT Media Stock Performance

OUTFRONT Media stock opened at $30.73 on Friday. OUTFRONT Media has a fifty-two week low of $18.14 and a fifty-two week high of $34.96. The firm’s fifty day moving average price is $29.67 and its 200-day moving average price is $29.70. The company has a debt-to-equity ratio of 3.50, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $5.41 billion, a P/E ratio of 20.91 and a beta of 1.56.

OUTFRONT Media (NYSE:OUT) last released its earnings results on Thursday, November 5th. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). OUTFRONT Media had a net margin of 12.66% and a return on equity of 37.44%. The company had revenue of $511.10 million for the quarter, compared to the consensus estimate of $509.74 million. On average, equities research analysts expect that OUTFRONT Media will post 2.18 earnings per share for the current fiscal year.

OUTFRONT Media Company Profile

OUTFRONT Media Inc (NYSE: OUT) is an out-of-home media company that provides advertising services through a portfolio of billboard, transit and other outdoor advertising assets. The company helps advertisers reach consumers in high-traffic locations, including roads, urban centers, public transportation systems and other public spaces.

Its offerings include traditional printed billboards, digital billboards, transit displays and place-based media. OUTFRONT also provides related services such as media planning, creative support, audience analytics and technology-enabled advertising solutions, including digital and programmatic buying capabilities.

OUTFRONT primarily serves advertisers across the United States and Canada.