CuriosityStream Inc. Plans Quarterly Dividend of $0.03 (NASDAQ:CURI)

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.025 per share on Friday, March 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, March 14th.

CuriosityStream has a dividend payout ratio of -111.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CuriosityStream to earn ($0.01) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -1,000.0%.

CuriosityStream Price Performance

Shares of CURI stock opened at $1.95 on Friday. The company’s fifty day simple moving average is $2.05 and its 200-day simple moving average is $1.44. CuriosityStream has a 52 week low of $0.45 and a 52 week high of $3.00.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Tuesday, August 13th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 21.70%. The business had revenue of $12.40 million for the quarter, compared to the consensus estimate of $12.30 million. During the same quarter last year, the firm posted ($0.19) EPS. As a group, research analysts forecast that CuriosityStream will post -0.15 earnings per share for the current year.

Insider Activity at CuriosityStream

In related news, Director Michael Nikzad sold 32,226 shares of the firm’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total transaction of $38,671.20. Following the completion of the sale, the director now directly owns 217,774 shares of the company’s stock, valued at approximately $261,328.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other CuriosityStream news, Director Jonathan Huberman sold 120,861 shares of the firm’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total transaction of $177,665.67. Following the completion of the transaction, the director now directly owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Nikzad sold 32,226 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total transaction of $38,671.20. Following the transaction, the director now directly owns 217,774 shares of the company’s stock, valued at approximately $261,328.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 283,673 shares of company stock valued at $379,977. Corporate insiders own 49.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC raised their target price on shares of CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research note on Thursday.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.