E. W. Scripps (SSP) to Issue Quarterly Dividend of $0.05 on December 26th

E. W. Scripps (NYSE:SSP) announced a quarterly dividend on Wednesday, November 7th, RTT News reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.05 per share on Wednesday, December 26th. This represents a $0.20 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Thursday, December 13th.

E. W. Scripps has a dividend payout ratio of 28.2% indicating that its dividend is sufficiently covered by earnings.

SSP opened at $16.86 on Friday. E. W. Scripps has a 12 month low of $10.69 and a 12 month high of $18.44.

E. W. Scripps (NYSE:SSP) last posted its quarterly earnings results on Friday, November 9th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $302.70 million during the quarter, compared to analyst estimates of $292.22 million. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share.

Several analysts have recently commented on SSP shares. Gabelli assumed coverage on E. W. Scripps in a report on Tuesday, November 27th. They issued a “buy” rating for the company. Benchmark reaffirmed a “buy” rating and issued a $22.00 price objective on shares of E. W. Scripps in a research note on Monday, November 12th. Noble Financial reaffirmed a “buy” rating on shares of E. W. Scripps in a research note on Wednesday, November 7th. Zacks Investment Research downgraded E. W. Scripps from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 11th. Finally, Wolfe Research assumed coverage on E. W. Scripps in a research note on Friday. They issued a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. E. W. Scripps has a consensus rating of “Hold” and an average target price of $18.80.

In related news, CFO Lisa A. Knutson sold 20,786 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The stock was sold at an average price of $17.31, for a total value of $359,805.66. Following the completion of the transaction, the chief financial officer now directly owns 30,820 shares of the company’s stock, valued at approximately $533,494.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Laura Tomlin sold 3,579 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $16.08, for a total value of $57,550.32. Following the completion of the transaction, the senior vice president now directly owns 3,858 shares of the company’s stock, valued at $62,036.64. The disclosure for this sale can be found here. Insiders purchased a total of 532,461 shares of company stock valued at $9,038,656 over the last ninety days. 4.16% of the stock is currently owned by company insiders.

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E. W. Scripps Company Profile

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.

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Dividend History for E. W. Scripps (NYSE:SSP)

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