Marcus Corporation (The) (MCS) to Issue Quarterly Dividend of $0.08 on June 15th

Marcus Corporation (The) (NYSE:MCS) announced a quarterly dividend on Thursday, May 21st. Stockholders of record on Monday, June 1st will be given a dividend of 0.08 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st.

Marcus has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 2 years. Marcus has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 49.2%.

Marcus Stock Performance

Shares of MCS stock opened at $18.93 on Friday. The stock has a market capitalization of $581.69 million, a PE ratio of 44.02, a price-to-earnings-growth ratio of 2.67 and a beta of 0.53. Marcus has a 52-week low of $12.85 and a 52-week high of $20.02. The stock’s 50-day moving average price is $18.09 and its 200 day moving average price is $16.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.41.

Marcus (NYSE:MCS) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.54) by $0.03. The firm had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $148.78 million. Marcus had a return on equity of 0.79% and a net margin of 1.85%. As a group, equities research analysts forecast that Marcus will post 0.47 EPS for the current year.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.