Emerald Holding, Inc. to Issue Quarterly Dividend of $0.02 (NYSE:EEX)

Emerald Holding, Inc. (NYSE:EEX) announced a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.015 per share on Thursday, March 20th. This represents a $0.06 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend is Monday, March 10th.

Emerald has a payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings.

Emerald Stock Up 0.6 %

NYSE EEX traded up $0.03 during midday trading on Thursday, hitting $4.16. 112,266 shares of the company traded hands, compared to its average volume of 145,910. Emerald has a 52 week low of $3.92 and a 52 week high of $7.05. The company’s 50-day simple moving average is $4.58 and its 200-day simple moving average is $4.75. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $843.40 million, a PE ratio of -7.69 and a beta of 1.43.

Analyst Ratings Changes

Several brokerages have weighed in on EEX. Rosenblatt Securities cut their price target on Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Maxim Group decreased their target price on shares of Emerald from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st.

Emerald Company Profile

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.