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

CuriosityStream Inc. (NASDAQ:CURI) declared a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Saturday, October 12th will be paid a dividend of 0.025 per share on Thursday, October 31st. This represents a $0.10 annualized dividend and a dividend yield of 8.20%. The ex-dividend date is Friday, October 11th.

CuriosityStream has a payout ratio of -100.0% 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 ($0.06) 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 -166.7%.

CuriosityStream Trading Up 2.5 %

NASDAQ:CURI traded up $0.03 during trading hours on Thursday, hitting $1.22. 35,538 shares of the stock traded hands, compared to its average volume of 446,982. CuriosityStream has a fifty-two week low of $0.45 and a fifty-two week high of $1.55. The firm has a market cap of $65.39 million, a price-to-earnings ratio of -1.37 and a beta of 1.15. The firm has a 50 day moving average price of $1.13 and a 200 day moving average price of $0.95.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. CuriosityStream had a negative net margin of 81.73% and a negative return on equity of 34.10%. The company had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.30 million. During the same quarter last year, the business posted ($0.19) EPS. Research analysts predict that CuriosityStream will post -0.19 EPS for the current year.

Insider Activity

In other CuriosityStream news, CEO Clinton Larry Stinchcomb bought 40,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were purchased at an average price of $1.06 per share, with a total value of $42,400.00. Following the acquisition, the chief executive officer now directly owns 286,564 shares of the company’s stock, valued at approximately $303,757.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CuriosityStream news, Director Michael Nikzad sold 53,268 shares of CuriosityStream stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $1.06, for a total transaction of $56,464.08. Following the sale, the director now owns 462,187 shares in the company, valued at $489,918.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Clinton Larry Stinchcomb bought 40,000 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $1.06 per share, for a total transaction of $42,400.00. Following the purchase, the chief executive officer now owns 286,564 shares of the company’s stock, valued at $303,757.84. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 91,600 shares of company stock valued at $97,252 and have sold 110,097 shares valued at $116,703. Insiders own 49.60% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reissued a “buy” rating and issued a $1.35 target price on shares of CuriosityStream in a research report on Wednesday.

CuriosityStream Company Profile

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.