National CineMedia, Inc. (NASDAQ:NCMI – Get Free Report) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 9th will be given a dividend of 0.03 per share by the business services provider on Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 9th.
National CineMedia has decreased its dividend payment by an average of 1.0%annually over the last three years. National CineMedia has a dividend payout ratio of 133.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect National CineMedia to earn $0.21 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 57.1%.
National CineMedia Trading Up 1.4%
Shares of NCMI stock opened at $3.56 on Friday. The stock has a market cap of $334.03 million, a P/E ratio of -35.60 and a beta of 1.38. National CineMedia has a 1 year low of $3.17 and a 1 year high of $6.76. The stock has a 50 day simple moving average of $3.66 and a 200 day simple moving average of $4.09.
About National CineMedia
National CineMedia, Inc is a leading U.S. out-of-home media company specializing in cinema advertising. The firm operates a proprietary network that delivers high-impact advertising content to moviegoers across a broad footprint of theaters, offering brands a targeted and immersive way to engage audiences in a captive, distraction-free environment.
Founded in 2003 and headquartered in Centennial, Colorado, National CineMedia began as a joint venture among several major exhibition chains.
See Also
- Five stocks we like better than National CineMedia
- 3 Signs You May Want to Switch Financial Advisors
- Buffett, Gates and Bezos Quietly Dumping Stocks—Here’s Why
- 1,500 Banks Just Handed the Fed Your Bank Account
- The Biggest IPO Ever… Open to Everyday Folks
- Read this or regret it forever
Receive News & Ratings for National CineMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National CineMedia and related companies with MarketBeat.com's FREE daily email newsletter.
