Current Dividend Details
OUTFRONT Media recently announced a regular quarterly dividend of $0.30 per share ($1.20 annualized), consistent with its previous payment. Shareholders as of March 1, 2024, will receive this dividend on March 28, 2024.
Historical Dividend Analysis
Reflecting on the past five years, the average dividend yield for OUTFRONT Media has been 6.14%, with a range from 1.44% to 13.94%. The current yield of 8.38% is notably above this historical average, by 0.83 standard deviations.
Insight into Payout Ratio
The company’s dividend payout ratio is -0.46, reflecting an unusual scenario. A payout ratio above one signifies a reliance on savings to maintain dividends, suggesting it lacks healthy growth prospects.
Fund Sentiment and Ownership
Over 523 funds or institutions have positions in OUTFRONT Media, with a 2.35% increase in the last quarter. The average portfolio weight allocated to OUT is 0.24%, showing a 10.47% increase.
Analyst Price Forecast and Revenue Projections
Analysts predict a 17.53% upside for OUTFRONT Media, with a one-year price target of $16.83. The annual revenue projection is at 2,083MM, signifying a 14.41% increase.
Various funds like Providence Equity Partners L.L.C., iShares Core S&P Small-Cap ETF, and Invesco have made significant changes in their ownership of OUTFRONT Media, indicating shifting sentiments in the market.
Outfront Media’s Overview
OUTFRONT Media Inc. utilizes technology, location, and creativity to connect brands with consumers through its vast billboard, transit, and mobile assets. The company’s innovative approach aims to revolutionize advertising engagement on-the-go.
Additional Insights:
Fintel serves as a comprehensive investment research platform for individual investors, traders, financial advisors, and hedge funds. Providing a wide range of data, including fundamentals, analyst reports, ownership data, and fund sentiment, Fintel equips investors with valuable insights for informed decision-making.
Investors are closely observing OUTFRONT Media’s strategic moves, dividend policies, and market sentiment, navigating the financial landscape with a discerning eye.
*The views and opinions expressed here are solely the author’s and do not represent Nasdaq, Inc.
