The Marcus Co. (NYSE:MCS) Declares $0.07 Quarterly Dividend

The Marcus Co. (NYSE:MCS) declared a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Monday, November 25th will be given a dividend of 0.07 per share on Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.25%.

Marcus has raised its dividend payment by an average of 12.2% per year over the last three years. Marcus has a dividend payout ratio of 52.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Marcus to earn $0.52 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 53.8%.

Marcus Stock Up 4.4 %

MCS stock traded up $0.94 during midday trading on Wednesday, hitting $22.40. The company’s stock had a trading volume of 292,701 shares, compared to its average volume of 540,455. The company has a market cap of $720.16 million, a PE ratio of -63.12 and a beta of 1.48. The firm’s 50-day moving average is $15.72 and its 200-day moving average is $13.19. Marcus has a 12 month low of $9.56 and a 12 month high of $22.42. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.38.

Analyst Ratings Changes

MCS has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and issued a $20.00 price target on shares of Marcus in a research report on Thursday, October 31st. Benchmark increased their price target on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a research note on Tuesday.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.