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

OUTFRONT Media Inc. (NYSE:OUT) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Friday, March 7th will be paid a dividend of 0.30 per share by the financial services provider on Monday, March 31st. This represents a $1.20 annualized dividend and a dividend yield of 6.53%. The ex-dividend date is Friday, March 7th.

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

OUTFRONT Media Trading Up 0.4 %

Shares of OUT stock opened at $18.37 on Thursday. The company has a 50 day moving average of $18.42 and a 200-day moving average of $18.40. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 4.00. OUTFRONT Media has a 12-month low of $13.35 and a 12-month high of $19.50. The firm has a market cap of $2.98 billion, a P/E ratio of 13.10, a PEG ratio of 1.06 and a beta of 1.97.

OUTFRONT Media (NYSE:OUT) last issued its quarterly earnings results 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. OUTFRONT Media had a net margin of 13.30% and a return on equity of 40.33%. The company had revenue of $493.20 million during the quarter, compared to analyst estimates of $490.42 million. Sell-side analysts anticipate that OUTFRONT Media will post 1.59 earnings per share for the current year.

Analysts Set New Price Targets

OUT has been the subject of several research analyst reports. Morgan Stanley raised their price target on shares of OUTFRONT Media from $17.43 to $18.45 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Barrington Research reiterated an “outperform” rating and issued a $21.53 price objective on shares of OUTFRONT Media in a research note on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, OUTFRONT Media currently 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.