Cinemark Holdings Inc Declares Quarterly Dividend of $0.09 (NYSE:CNK)

Cinemark Holdings Inc (NYSE:CNK) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Thursday, May 28th will be paid a dividend of 0.09 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, May 28th.

Cinemark has decreased its dividend by an average of 0.0%annually over the last three years. Cinemark has a dividend payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cinemark to earn $2.43 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 14.8%.

Cinemark Trading Up 0.3%

Shares of NYSE CNK opened at $26.36 on Friday. Cinemark has a twelve month low of $21.60 and a twelve month high of $34.01. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 5.03. The stock has a fifty day simple moving average of $28.20 and a 200-day simple moving average of $26.43. The stock has a market capitalization of $3.08 billion, a PE ratio of 23.33 and a beta of 1.03.

Cinemark (NYSE:CNK) last issued its quarterly earnings data on Friday, May 1st. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Cinemark had a net margin of 5.31% and a return on equity of 41.31%. The firm had revenue of $643.10 million during the quarter, compared to analyst estimates of $632.74 million. During the same period in the previous year, the firm posted ($0.32) earnings per share. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. On average, equities analysts forecast that Cinemark will post 2.11 earnings per share for the current year.

Institutional Trading of Cinemark

A number of institutional investors have recently bought and sold shares of CNK. Maryland State Retirement & Pension System lifted its holdings in shares of Cinemark by 3.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 15,157 shares of the company’s stock valued at $352,000 after purchasing an additional 449 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Cinemark by 1.7% in the 3rd quarter. Amalgamated Bank now owns 29,626 shares of the company’s stock valued at $830,000 after purchasing an additional 488 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of Cinemark by 0.5% in the 1st quarter. Gabelli Funds LLC now owns 101,866 shares of the company’s stock valued at $2,905,000 after purchasing an additional 490 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Cinemark by 20.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,027 shares of the company’s stock valued at $83,000 after purchasing an additional 506 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Cinemark by 2.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 23,584 shares of the company’s stock valued at $548,000 after purchasing an additional 507 shares during the last quarter.

About Cinemark

Cinemark Holdings, Inc (NYSE: CNK) is a leading theatrical exhibitor that acquires, develops and operates motion picture theatres under the Cinemark® brand in the United States and Latin America. The company’s core business involves the presentation of first-run feature films coupled with an array of in‐theatre services, including concessions, premium auditoriums and loyalty programs. Cinemark’s exhibition portfolio encompasses both corporate‐owned and franchised complexes, offering moviegoers a range of experiences from standard screens to large‐format halls.

The company’s product offerings extend beyond ticket sales to include an assortment of concession items, such as popcorn, fountain beverages, candy and specialty snacks, as well as bar and lounge concepts in select locations.