OUTFRONT Media Inc. (NYSE:OUT) Announces Quarterly Dividend of $0.33

OUTFRONT Media Inc. (NYSE:OUT) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.33 per share by the financial services provider on Thursday, December 31st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, December 4th.

OUTFRONT Media has increased its dividend payment by an average of 0.3% annually over the last three years. OUTFRONT Media has a dividend payout ratio of 155.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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

Shares of OUT opened at $32.09 on Friday. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 14.01 and a beta of 1.56. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 3.50. The business’s 50 day moving average is $29.66 and its two-hundred day moving average is $29.67. OUTFRONT Media has a 52-week low of $17.40 and a 52-week high of $34.96.

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

About OUTFRONT Media

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.