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

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.025 per share on Friday, March 28th. This represents a $0.10 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Friday, March 14th.

CuriosityStream has a dividend payout ratio of -111.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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

NASDAQ CURI opened at $1.93 on Friday. The company has a fifty day moving average of $2.05 and a 200 day moving average of $1.44. The company has a market capitalization of $105.38 million, a PE ratio of -2.68 and a beta of 1.15. CuriosityStream has a 1 year low of $0.45 and a 1 year high of $3.00.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. CuriosityStream had a negative return on equity of 27.47% and a negative net margin of 69.87%. The firm had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.30 million. During the same quarter in the previous year, the business earned ($0.19) EPS. Research analysts expect that CuriosityStream will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at CuriosityStream

In related news, Director Jonathan Huberman sold 120,861 shares of the company’s stock in a transaction dated 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 sale, the director now owns 1,433,576 shares of the company’s stock, valued at approximately $2,107,356.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jonathan Huberman sold 120,861 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 1,433,576 shares in the company, valued at $2,107,356.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Nikzad sold 32,226 shares of CuriosityStream stock in a transaction that occurred 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 sale, the director now directly owns 217,774 shares in the company, valued at approximately $261,328.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 283,673 shares of company stock valued at $379,977 over the last ninety days. Insiders own 49.60% of the company’s stock.

About CuriosityStream

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.