Cinemark Holdings Inc (CNK) to Issue Quarterly Dividend of $0.09 on September 9th

Cinemark Holdings Inc (NYSE:CNK) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Wednesday, August 26th will be given a dividend of 0.09 per share on Wednesday, September 9th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, August 26th.

Cinemark has decreased its dividend payment by an average of 0.0%per year over the last three years. Cinemark has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cinemark to earn $2.66 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 13.5%.

Cinemark Price Performance

NYSE CNK opened at $36.63 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 3.87. Cinemark has a 1 year low of $21.60 and a 1 year high of $38.98. The company has a market cap of $4.25 billion, a PE ratio of 21.67 and a beta of 1.00. The stock’s 50-day moving average price is $33.70 and its two-hundred day moving average price is $29.97.

Cinemark (NYSE:CNK) last announced its earnings results on Thursday, July 30th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.03 by $0.16. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Cinemark had a net margin of 6.44% and a return on equity of 50.94%. The business’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period last year, the company posted $0.63 earnings per share. On average, analysts predict that Cinemark will post 2.36 EPS for the current year.

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.