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

The Marcus Co. (NYSE:MCS) announced a quarterly dividend on Wednesday, November 6th,RTT News reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.07 per share on Monday, December 16th. This represents a $0.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, November 25th.

Marcus has increased its dividend payment by an average of 12.2% per year over the last three years. Marcus has a dividend payout ratio of 50.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $0.55 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 50.9%.

Marcus Stock Performance

Shares of MCS opened at $22.03 on Friday. Marcus has a 1 year low of $9.56 and a 1 year high of $22.62. The company’s 50 day simple moving average is $17.70 and its 200 day simple moving average is $14.02. The company has a market capitalization of $693.50 million, a price-to-earnings ratio of -64.79, a PEG ratio of 4.93 and a beta of 1.48. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.54 and a current ratio of 0.54.

Analysts Set New Price Targets

MCS has been the topic of several analyst reports. Benchmark raised their price objective on Marcus from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, November 1st. StockNews.com raised Marcus from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Marcus in a research note on Wednesday, November 13th.

Insider Buying and Selling

In related news, VP Thomas F. Kissinger sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $22.31, for a total transaction of $178,480.00. Following the completion of the sale, the vice president now owns 186,585 shares of the company’s stock, valued at approximately $4,162,711.35. This represents a 4.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Marcus Company Profile

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.