OUTFRONT Media Inc. Declares Quarterly Dividend of $0.30 (NYSE:OUT)

OUTFRONT Media Inc. (NYSE:OUT - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 0.30 per share by the financial services provider on Monday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend is Friday, March 7th.

OUTFRONT Media has raised its dividend payment by an average of 59.4% per year over the last three years.

OUTFRONT Media Stock Performance

Shares of NYSE OUT traded up $0.34 during mid-day trading on Friday, reaching $18.64. 1,726,100 shares of the company were exchanged, compared to its average volume of 1,642,293. The company's 50-day simple moving average is $18.43 and its 200-day simple moving average is $18.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. The stock has a market capitalization of $3.02 billion, a P/E ratio of 13.28, a P/E/G ratio of 1.06 and a beta of 1.97. OUTFRONT Media has a twelve month low of $13.35 and a twelve month high of $19.50.

OUTFRONT Media (NYSE:OUT - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. The firm had revenue of $493.20 million during the quarter, compared to the consensus estimate of $490.42 million. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. As a group, research analysts predict that OUTFRONT Media will post 1.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on OUT shares. Barrington Research reissued an "outperform" rating and set a $21.53 target price on shares of OUTFRONT Media in a report on Wednesday, November 13th. Morgan Stanley boosted their price objective on shares of OUTFRONT Media from $17.43 to $18.45 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, OUTFRONT Media has a consensus rating of "Hold" and an average target price of $19.48.

About OUTFRONT Media

OUTFRONT Media, Inc leases advertising space on out-of-home advertising structures and sites. Its inventory consists of billboard displays, which are primarily located on the most heavily traveled highways & roadways, and transit advertising displays operated under exclusive multi-year contracts with municipalities in large cities across the U.S.