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

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 annualized dividend and a dividend yield of 6.27%.

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

OUTFRONT Media Stock Up 4.6 %

Shares of OUT traded up $0.83 during trading hours on Wednesday, reaching $19.12. The stock had a trading volume of 193,588 shares, compared to its average volume of 1,596,379. The firm has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $18.40. OUTFRONT Media has a 12 month low of $13.35 and a 12 month high of $19.50. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 4.00. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 1.06 and a beta of 1.97.

OUTFRONT Media (NYSE:OUT) last released its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. Equities research analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

OUT has been the subject of several analyst reports. Morgan Stanley increased their price objective on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and set a $21.53 price target on shares of OUTFRONT Media in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, OUTFRONT Media presently has a consensus rating of “Hold” and a consensus target price 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.