EX-Dividend Schedule: Outfront Media Has a Dividend Yield of 7.15%; Will to Trade Ex-Dividend on March 8, 2018

LONDON, UK / ACCESSWIRE / March 7, 2018 / Active-Investors has a free review on Outfront Media Inc. (NYSE: OUT) following the Company’s announcement that it will begin trading ex-dividend on March 08, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 07, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on OUT:

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Dividend Declared

On February 27, 2018, OUTFRONT Media announced that its board of directors has approved a quarterly cash dividend on the Company’s stock of $0.36 per share payable on March 30, 2018, to shareholders of record at the close of business on March 09, 2018.

OUTFRONT Media’s indicated dividend represents a yield of 7.15%, which is substantially above the average dividend yield of 5.09% for the Financial sector.

Dividend Insights

OUTFRONT Media has a dividend payout ratio of 68.6%, which indicates that the Company distributes approximately $0.69 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, OUTFRONT Media is forecasted to report earnings of $1.11 per share for the next year, compared to the Company’s annualized dividend of $1.44 per share. One of the primary reasons for the difference between earnings and the annualized dividend is that OUTFRONT Media is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which then provides a better picture of any company’s profitability and capacity to pay and to sustain dividends. For instance, for the quarter ended December 31, 2017, OUTFRONT Media reported net income of $35.5 million, or $0.25 per diluted share, compared to net income of $26.6 million, or $0.19 per diluted share, in Q4 2016.

On the other hand, OUTFRONT Media’s adjusted funds from operations (AFFO) for the quarter ended December 31, 2017, was $82.8 million, or $0.60 per diluted share, compared to $77.6 million, or $0.56 per share, in same prior year’s same period. The Company’s FFO number indicates that the Company should be able to comfortably cover its dividend payout.

Cash Position

OUTFRONT Media’s net cash flow provided by operating activities was $249.3 million for FY17 compared to $287.1 million during FY16. As of December 31, 2017, the Company’s liquidity position included cash of $48.3 million and $341.4 million of availability under its $430.0 million revolving credit facility.

About OUTFRONT Media Inc.

OUTFRONT Media connects brands with consumers outside of their homes through one of the largest and most diverse sets of a billboard, transit, and mobile assets in North America. Through its ON Smart Media platform, OUTFRONT Media is implementing digital technology that will fundamentally change the ways advertisers engage people on-the-go.

Stock Performance Snapshot

March 06, 2018 – At Tuesday’s closing bell, Outfront Media’s stock ended the trading session flat at $19.85.

Volume traded for the day: 2.61 million shares, which was above the 3-month average volume of 908.66 thousand shares.

After yesterday’s close, Outfront Media’s market cap was at $2.78 billion.

Price to Earnings (P/E) ratio was at 22.08.

The stock has a dividend yield of 7.25%.

The stock is part of the Services sector, categorized under the Marketing Services industry. This sector was up 0.9% at the end of the session.

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