Emerald Holding, Inc. (NYSE:EEX – Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.015 per share on Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 8th.
Emerald has a payout ratio of 28.6% indicating that its dividend is sufficiently covered by earnings.
Emerald Stock Down 11.8 %
NYSE:EEX opened at $4.11 on Thursday. The stock has a 50-day simple moving average of $4.90 and a 200 day simple moving average of $5.44. Emerald has a one year low of $4.00 and a one year high of $7.05. The company has a market capitalization of $837.77 million, a price-to-earnings ratio of -5.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.34 and a current ratio of 1.34.
Analyst Upgrades and Downgrades
Separately, Rosenblatt Securities dropped their price objective on shares of Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research note on Thursday.
Read Our Latest Stock Analysis on EEX
About Emerald
Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.
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