OUTFRONT Media Inc. (NYSE:OUT) to Issue Special Dividend of $0.75

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) declared a special dividend on Tuesday, November 12th,RTT News reports. Investors of record on Friday, November 15th will be given a dividend of 0.75 per share by the financial services provider on Tuesday, December 31st.

OUTFRONT Media has increased its dividend by an average of 46.7% annually over the last three years. OUTFRONT Media has a payout ratio of 144.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect OUTFRONT Media to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 73.2%.

OUTFRONT Media Trading Up 1.7 %

NYSE:OUT traded up $0.30 during trading hours on Tuesday, hitting $18.35. The company had a trading volume of 4,843,858 shares, compared to its average volume of 1,754,040. The stock has a 50-day moving average price of $17.95 and a 200 day moving average price of $16.05. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $3.05 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.15 and a beta of 1.94. OUTFRONT Media has a 52 week low of $11.06 and a 52 week high of $19.33.

Analyst Upgrades and Downgrades

OUT has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on OUTFRONT Media from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. StockNews.com downgraded OUTFRONT Media from a "buy" rating to a "hold" rating in a research note on Monday, October 28th. Barrington Research boosted their target price on shares of OUTFRONT Media from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Tuesday, August 13th. Wolfe Research cut shares of OUTFRONT Media from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company began coverage on shares of OUTFRONT Media in a research report on Thursday, September 19th. They issued an "overweight" rating and a $22.00 price target for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.50.

OUTFRONT Media Company Profile

OUTFRONT leverages the power of technology, location, and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit, and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.