Clear Channel Outdoor Holdings, Inc. Declares Dividend of $0.07 (CCO)

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) announced a dividend on Thursday, October 12th, Fidelity reports. Investors of record on Thursday, October 26th will be given a dividend of 0.0687 per share by the business services provider on Tuesday, October 31st. The ex-dividend date of this dividend is Wednesday, November 1st.

Shares of Clear Channel Outdoor Holdings (CCO) opened at 4.00 on Tuesday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 40.00 and a beta of 1.55. Clear Channel Outdoor Holdings has a 1-year low of $3.35 and a 1-year high of $6.35. The company’s 50-day moving average is $4.30 and its 200 day moving average is $4.43.

Clear Channel Outdoor Holdings (NYSE:CCO) last issued its earnings results on Thursday, August 3rd. The business services provider reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Clear Channel Outdoor Holdings had a net margin of 1.40% and a negative return on equity of 3.35%. The business had revenue of $672.32 million for the quarter, compared to analyst estimates of $672.22 million. On average, equities research analysts expect that Clear Channel Outdoor Holdings will post ($0.09) EPS for the current fiscal year.

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CCO has been the topic of several recent research reports. ValuEngine lowered shares of Clear Channel Outdoor Holdings from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Clear Channel Outdoor Holdings from a “sell” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Clear Channel Outdoor Holdings presently has a consensus rating of “Hold” and an average price target of $7.81.

About Clear Channel Outdoor Holdings

Clear Channel Outdoor Holdings, Inc is an outdoor advertising company. The Company provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes and spectaculars. Its segments include Americas outdoor advertising (Americas) and International outdoor advertising (International).

Dividend History for Clear Channel Outdoor Holdings (NYSE:CCO)

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