OUTFRONT Media Inc. to Issue Quarterly Dividend of $0.30 (NYSE:OUT)

OUTFRONT Media Inc. (NYSE:OUT) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.30 per share by the financial services provider on Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.55%.

OUTFRONT Media has increased its dividend payment by an average of 59.4% per year over the last three years.

OUTFRONT Media Trading Up 0.6 %

OUTFRONT Media stock traded up $0.11 during trading on Tuesday, reaching $18.33. 2,296,545 shares of the company were exchanged, compared to its average volume of 1,638,221. The stock’s 50 day simple moving average is $18.43 and its two-hundred day simple moving average is $18.38. The company has a market capitalization of $2.97 billion, a P/E ratio of 13.07, a PEG ratio of 1.06 and a beta of 1.97. The company has a debt-to-equity ratio of 4.00, a current ratio of 0.65 and a quick ratio of 0.65. OUTFRONT Media has a 52-week low of $13.35 and a 52-week high of $19.50.

OUTFRONT Media (NYSE:OUT) last posted its quarterly earnings results on Tuesday, February 25th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.63 by $0.06. OUTFRONT Media had a return on equity of 40.33% and a net margin of 13.30%. On average, equities research analysts expect that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on OUT shares. StockNews.com downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Morgan Stanley lifted their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Barrington Research reiterated an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.48.

OUTFRONT Media Company Profile

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.