A.H. Belo Corporation (NYSE:AHC) declared a quarterly dividend on Friday, September 8th, Wall Street Journal reports. Shareholders of record on Thursday, November 9th will be given a dividend of 0.08 per share on Friday, December 1st. This represents a $0.32 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend is Wednesday, November 8th.
A.H. Belo Corporation has increased its dividend by an average of 4.6% annually over the last three years. A.H. Belo Corporation has a dividend payout ratio of 114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
A.H. Belo Corporation (NYSE:AHC) last announced its quarterly earnings data on Tuesday, August 1st. The company reported ($0.04) EPS for the quarter. The company had revenue of $63.09 million during the quarter. A.H. Belo Corporation had a negative net margin of 8.59% and a positive return on equity of 1.70%.
A.H. Belo Corporation declared that its board has initiated a share repurchase program on Monday, October 30th that allows the company to buyback 1,000,000 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
A number of equities analysts have issued reports on AHC shares. ValuEngine cut shares of A.H. Belo Corporation from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. TheStreet cut shares of A.H. Belo Corporation from a “c-” rating to a “d+” rating in a research note on Friday, August 11th.
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About A.H. Belo Corporation
A. H. Belo Corporation is a local news and information publishing company. The Company is engaged in providing commercial printing, distribution and direct mail services, as well as media and digital marketing services. The Company operates through two segments: Publishing and Marketing, Event Marketing and Other Services (MEMO).
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