CuriosityStream Inc. Plans Quarterly Dividend of $0.03 (NASDAQ:CURI)

CuriosityStream Inc. (NASDAQ:CURI) announced a quarterly dividend on Tuesday, May 7th, Zacks reports. Stockholders of record on Friday, July 12th will be given a dividend of 0.025 per share on Wednesday, July 31st. This represents a $0.10 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Friday, July 12th.

CuriosityStream has a dividend payout ratio of -90.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect CuriosityStream to earn ($0.03) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -333.3%.

CuriosityStream Trading Up 6.1 %

NASDAQ CURI traded up $0.07 during trading hours on Thursday, hitting $1.22. 83,999 shares of the company’s stock traded hands, compared to its average volume of 635,544. CuriosityStream has a 52 week low of $0.45 and a 52 week high of $1.55. The firm has a market capitalization of $65.04 million, a P/E ratio of -1.30 and a beta of 1.15. The business’s fifty day moving average price is $0.92 and its two-hundred day moving average price is $0.68.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings data on Wednesday, March 20th. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.08. CuriosityStream had a negative return on equity of 32.94% and a negative net margin of 85.95%. The firm had revenue of $14.78 million during the quarter, compared to analyst estimates of $16.20 million. On average, sell-side analysts expect that CuriosityStream will post -0.1 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Needham & Company LLC boosted their price objective on CuriosityStream from $1.25 to $1.35 and gave the company a “buy” rating in a research note on Wednesday.

Insider Transactions at CuriosityStream

In other news, major shareholder Hendricks Factual Media Llc sold 28,006 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $1.00, for a total value of $28,006.00. Following the transaction, the insider now directly owns 21,169,423 shares in the company, valued at $21,169,423. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 363,614 shares of company stock valued at $371,230 over the last three months. Corporate insiders own 55.40% of the company’s stock.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.