Time Inc. (NYSE:TIME) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.04 per share on Friday, December 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Wednesday, November 29th.

Time has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Time to earn $1.25 per share next year, which means the company should continue to be able to cover its $0.16 annual dividend with an expected future payout ratio of 12.8%.

Time (NYSE:TIME) opened at $16.55 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.96 and a debt-to-equity ratio of 0.88. Time has a fifty-two week low of $9.90 and a fifty-two week high of $20.40. The stock has a market cap of $1,648.74, a P/E ratio of 15.61, a PEG ratio of 3.16 and a beta of 0.62.

Time (NYSE:TIME) last issued its earnings results on Thursday, November 9th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.08. Time had a negative net margin of 0.10% and a positive return on equity of 7.53%. The firm had revenue of $679.00 million for the quarter, compared to analysts’ expectations of $693.65 million. During the same quarter last year, the business earned $0.31 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. research analysts forecast that Time will post 1.05 EPS for the current fiscal year.

TIME has been the subject of a number of research analyst reports. BidaskClub lowered Time from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. ValuEngine raised Time from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research raised Time from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Time has an average rating of “Hold” and a consensus target price of $12.80.

ILLEGAL ACTIVITY NOTICE: This story was posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was illegally stolen and republished in violation of U.S. & international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/time-inc-time-to-issue-quarterly-dividend-of-0-04-on-december-15th/1723660.html.

Time Company Profile

Time Inc is a media and content company. The Company offers a portfolio of news and lifestyle brands across a range of interest areas. As of December 31, 2016, the Company’s brands included People, Time, Fortune, Sports Illustrated, InStyle, Real Simple, Southern Living, Entertainment Weekly, Food & Wine, Travel + Leisure and Essence, as well as approximately 50 titles in the United Kingdom.

Dividend History for Time (NYSE:TIME)

Receive News & Ratings for Time Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.