The Marcus Co. (NYSE:MCS) Declares $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 paid a dividend of 0.07 per share on Monday, December 16th. This represents a $0.28 dividend on an annualized basis and a yield of 1.25%.

Marcus has increased its dividend by an average of 12.2% annually over the last three years. Marcus has a dividend payout ratio of 52.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $0.52 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 53.8%.

Marcus Trading Up 4.3 %

Shares of MCS stock opened at $22.39 on Thursday. The company’s fifty day simple moving average is $15.88 and its two-hundred day simple moving average is $13.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.54 and a quick ratio of 0.51. Marcus has a 1 year low of $9.56 and a 1 year high of $22.49. The stock has a market capitalization of $719.84 million, a price-to-earnings ratio of -65.85, a PEG ratio of 7.60 and a beta of 1.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MCS shares. StockNews.com raised shares of Marcus from a “hold” rating to a “buy” rating in a report on Tuesday. Barrington Research restated an “outperform” rating and set a $20.00 price target on shares of Marcus in a research report on Thursday, October 31st. Finally, Benchmark boosted their price target on shares of Marcus from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

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.