Cinemark Holdings Inc (NYSE:CNK) Announces Quarterly Dividend of $0.09

Cinemark Holdings Inc (NYSE:CNK) declared 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) dividend on an annualized basis 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%annually over the last three years. Cinemark has a payout ratio of 16.4% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 2.0%

CNK stock opened at $37.38 on Thursday. The firm has a 50-day moving average price of $33.04 and a 200-day moving average price of $29.30. Cinemark has a 12 month low of $21.60 and a 12 month high of $38.98. The company has a current ratio of 0.84, a quick ratio of 0.81 and a debt-to-equity ratio of 3.87. The stock has a market capitalization of $4.33 billion, a P/E ratio of 22.12 and a beta of 1.00.

Cinemark (NYSE:CNK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.16. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.03 billion. Cinemark had a net margin of 6.44% and a return on equity of 50.94%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 EPS. As a group, equities research analysts anticipate that Cinemark will post 2.34 EPS for the current fiscal year.

Cinemark Company Profile

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.