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

The Marcus Co. (NYSE:MCS) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Tuesday, February 25th will be given a dividend of 0.07 per share on Monday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.30%.

Marcus has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $0.46 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 60.9%.

Marcus Stock Up 0.4 %

Shares of NYSE:MCS traded up $0.09 during midday trading on Wednesday, reaching $21.49. The company’s stock had a trading volume of 79,869 shares, compared to its average volume of 167,502. The firm has a market capitalization of $676.51 million, a P/E ratio of -63.21, a PEG ratio of 3.12 and a beta of 1.53. The firm has a 50 day moving average of $21.00 and a 200-day moving average of $18.10. Marcus has a 12-month low of $9.56 and a 12-month high of $23.16. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MCS. Barrington Research reiterated an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research note on Wednesday, November 13th. Benchmark reiterated a “buy” rating and issued a $25.00 price target on shares of Marcus in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

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.