New Media Investment Group Inc (NYSE:NEWM) declared a quarterly dividend on Thursday, March 1st, Wall Street Journal reports. Stockholders of record on Wednesday, March 14th will be given a dividend of 0.37 per share on Thursday, March 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.54%. The ex-dividend date is Tuesday, March 13th.
New Media Investment Group has raised its dividend by an average of 38.0% annually over the last three years and has increased its dividend every year for the last 3 years. New Media Investment Group has a dividend payout ratio of -592.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
New Media Investment Group (NYSE NEWM) opened at $17.33 on Monday. New Media Investment Group has a fifty-two week low of $11.87 and a fifty-two week high of $17.69. The company has a quick ratio of 1.20, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $922.36, a PE ratio of -866.50 and a beta of 1.18.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered New Media Investment Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. TheStreet raised New Media Investment Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Finally, BidaskClub raised New Media Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 14th.
ILLEGAL ACTIVITY NOTICE: “New Media Investment Group Inc (NEWM) Plans $0.37 Quarterly Dividend” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://sportsperspectives.com/2018/03/12/new-media-investment-group-inc-newm-plans-0-37-quarterly-dividend.html.
New Media Investment Group Company Profile
New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.
Receive News & Ratings for New Media Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Media Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.