Time Warner Inc. (NYSE:TWX) declared a quarterly dividend on Friday, September 29th, RTT News reports. Shareholders of record on Tuesday, October 10th will be given a dividend of 0.4025 per share by the media conglomerate on Wednesday, November 1st. This represents a $1.61 annualized dividend and a yield of 1.57%. The ex-dividend date is Friday, October 6th.

Time Warner has increased its dividend by an average of 11.9% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Time Warner has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Time Warner to earn $6.55 per share next year, which means the company should continue to be able to cover its $1.61 annual dividend with an expected future payout ratio of 24.6%.

Time Warner (NYSE TWX) opened at 102.45 on Friday. The firm’s 50-day moving average is $101.65 and its 200 day moving average is $99.76. The company has a market cap of $79.69 billion, a price-to-earnings ratio of 19.01 and a beta of 1.04. Time Warner has a 12-month low of $75.68 and a 12-month high of $103.34.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share. On average, equities analysts expect that Time Warner will post $6.10 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research note on Tuesday, August 15th. Finally, Zacks Investment Research lowered Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $102.91.

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Time Warner Company Profile

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

Dividend History for Time Warner (NYSE:TWX)

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