Tribune Publishing Co (NASDAQ:TPCO) Announces Quarterly Dividend of $0.25
Tribune Publishing Co (NASDAQ:TPCO) announced a quarterly dividend on Thursday, November 14th, Fidelity reports. Investors of record on Monday, November 25th will be given a dividend of 0.25 per share on Tuesday, December 10th. This represents a $1.00 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date of this dividend is Friday, November 22nd.
Tribune Publishing stock opened at $11.18 on Thursday. The stock has a 50-day moving average price of $8.80 and a 200 day moving average price of $8.70. Tribune Publishing has a 52 week low of $7.00 and a 52 week high of $15.14. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.31.
Tribune Publishing (NASDAQ:TPCO) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.42). Tribune Publishing had a positive return on equity of 1.03% and a negative net margin of 2.12%. The business had revenue of $236.03 million during the quarter, compared to analyst estimates of $227.90 million. As a group, equities research analysts expect that Tribune Publishing will post 0.21 earnings per share for the current year.
A number of brokerages have issued reports on TPCO. Noble Financial set a $19.00 price target on Tribune Publishing and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Zacks Investment Research lowered Tribune Publishing from a “hold” rating to a “sell” rating in a research note on Friday, August 30th.
Tribune Publishing Company Profile
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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