OUTFRONT Media Inc. (NYSE:OUT) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Shareholders of record on Friday, December 8th will be given a dividend of 0.36 per share by the financial services provider on Friday, December 29th. This represents a $1.44 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Thursday, December 7th.
OUTFRONT Media has a payout ratio of 72.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect OUTFRONT Media to earn $2.25 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 64.0%.
Shares of OUTFRONT Media (NYSE OUT) opened at $22.93 on Wednesday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.23 and a quick ratio of 1.23. OUTFRONT Media has a 1 year low of $20.82 and a 1 year high of $27.89. The company has a market cap of $3,201.11, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 1.82 and a beta of 1.13.
OUT has been the topic of a number of analyst reports. Wells Fargo & Company restated an “outperform” rating and set a $30.00 target price on shares of OUTFRONT Media in a research note on Tuesday, October 3rd. ValuEngine downgraded shares of OUTFRONT Media from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of OUTFRONT Media from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Loop Capital reiterated a “buy” rating and issued a $28.00 price target (up from $27.00) on shares of OUTFRONT Media in a report on Thursday, September 28th. Finally, Barrington Research reiterated an “outperform” rating and issued a $26.00 price target (down from $29.00) on shares of OUTFRONT Media in a report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $30.17.
COPYRIGHT VIOLATION NOTICE: “OUTFRONT Media Inc. (OUT) To Go Ex-Dividend on December 7th” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://www.com-unik.info/2017/12/06/outfront-media-inc-out-to-go-ex-dividend-on-december-7th.html.
OUTFRONT Media Company Profile
OUTFRONT Media Inc is a real estate investment trust (REIT), which provides advertising space (displays) on out-of-home advertising structures and sites in the United States and Canada. The Company’s segments are U.S. Media and Other. The U.S. Media segment includes U.S. Billboard and Transit. The Other segment includes International and Sports Marketing.
What are top analysts saying about OUTFRONT Media Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for OUTFRONT Media Inc. and related companies.