The Marcus Co. (NYSE:MCS) Declares $0.07 Quarterly Dividend

The Marcus Co. (NYSE:MCS) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.07 per share on Monday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.28%.

Marcus has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 60.9%.

Marcus Trading Up 2.0 %

MCS stock opened at $21.83 on Thursday. Marcus has a twelve month low of $9.56 and a twelve month high of $23.16. The business’s fifty day simple moving average is $20.99 and its two-hundred day simple moving average is $18.12. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Marcus in a research note on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and set a $25.00 target price on shares of Marcus in a research report on Thursday, January 30th. Finally, StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th.

About Marcus

The Marcus Corporation, together with its subsidiaries, owns and operates movie theatres, and hotels and resorts in the United States. It operates a family entertainment center and multiscreen motion picture theatres under the Big Screen Bistro, Big Screen Bistro Express, BistroPlex, and Movie Tavern by Marcus brand names.