Emerald Holding, Inc. to Issue Quarterly Dividend of $0.02 (NYSE:EEX)

Emerald Holding, Inc. (NYSE:EEX) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.015 per share on Thursday, November 21st. This represents a $0.06 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, November 8th.

Emerald has a payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings.

Emerald Stock Down 11.8 %

Shares of NYSE EEX opened at $4.11 on Thursday. The firm has a market capitalization of $837.77 million, a PE ratio of -5.48 and a beta of 1.36. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.98. Emerald has a 1 year low of $4.00 and a 1 year high of $7.05. The firm’s 50-day moving average is $4.90 and its 200-day moving average is $5.44.

Emerald (NYSE:EEX) last issued its earnings results on Wednesday, August 7th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.13. The company had revenue of $86.00 million for the quarter. Emerald had a net margin of 0.25% and a return on equity of 3.53%.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities cut their price target on shares of Emerald from $8.40 to $7.80 and set a “buy” rating on the stock in a research report on Thursday.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.