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

CuriosityStream Inc. (NASDAQ:CURI - Get Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.025 per share on Friday, March 28th. This represents a $0.10 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Friday, March 14th.

CuriosityStream has a payout ratio of -111.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect CuriosityStream to earn ($0.01) 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 -1,000.0%.

CuriosityStream Stock Performance

Shares of NASDAQ:CURI traded up $0.04 during trading on Friday, hitting $1.97. The company's stock had a trading volume of 337,906 shares, compared to its average volume of 409,007. The company has a market capitalization of $107.56 million, a PE ratio of -7.21 and a beta of 1.15. CuriosityStream has a fifty-two week low of $0.45 and a fifty-two week high of $3.00. The stock's 50-day moving average price is $2.06 and its two-hundred day moving average price is $1.45.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The business had revenue of $12.40 million during the quarter, compared to the consensus estimate of $12.30 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 21.70%. During the same quarter last year, the company earned ($0.19) earnings per share. On average, equities analysts predict that CuriosityStream will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CuriosityStream news, Director Michael Nikzad sold 32,226 shares of the firm's stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total value of $38,671.20. Following the transaction, the director now owns 217,774 shares of the company's stock, valued at $261,328.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Michael Nikzad sold 32,226 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total transaction of $38,671.20. Following the completion of the transaction, the director now owns 217,774 shares of the company's stock, valued at approximately $261,328.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Huberman sold 120,861 shares of the company's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total transaction of $177,665.67. Following the transaction, the director now owns 1,433,576 shares of the company's stock, valued at $2,107,356.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 283,673 shares of company stock worth $379,977 over the last ninety days. 49.60% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Needham & Company LLC increased their price target on shares of CuriosityStream from $1.35 to $3.00 and gave the stock a "buy" rating in a research report on Thursday.

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.