The Marcus Co. (MCS) to Issue Quarterly Dividend of $0.07 on March 17th

The Marcus Co. (NYSE:MCS) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Tuesday, February 25th will be paid a dividend of 0.07 per share on Monday, March 17th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, February 25th.

Marcus has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marcus to earn $0.46 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 60.9%.

Marcus Stock Up 1.3 %

Shares of NYSE:MCS opened at $22.14 on Friday. The firm’s 50 day simple moving average is $20.98 and its 200 day simple moving average is $18.15. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.38. Marcus has a fifty-two week low of $9.56 and a fifty-two week high of $23.16.

Analyst Upgrades and Downgrades

Several brokerages have commented on MCS. Benchmark restated a “buy” rating and set a $25.00 target price on shares of Marcus in a report on Thursday, January 30th. StockNews.com upgraded shares of Marcus from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Barrington Research restated an “outperform” rating and set a $24.00 target price on shares of Marcus in a report on Wednesday, November 13th.

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.