Marcus Corporation (The) (NYSE:MCS) Announces Quarterly Dividend of $0.08

Marcus Corporation (The) (NYSE:MCS) declared a quarterly dividend on Wednesday, February 11th. Stockholders of record on Wednesday, February 25th will be given a dividend of 0.08 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, February 25th.

Marcus has decreased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Marcus has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Marcus to earn $0.46 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 69.6%.

Marcus Price Performance

NYSE MCS opened at $16.12 on Thursday. Marcus has a 12 month low of $12.85 and a 12 month high of $22.38. The firm has a market capitalization of $495.05 million, a PE ratio of 67.17, a P/E/G ratio of 2.01 and a beta of 0.61. The company’s 50 day simple moving average is $15.50 and its 200 day simple moving average is $15.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.35 and a quick ratio of 0.35.

Marcus declared that its Board of Directors has initiated a stock repurchase plan on Friday, October 31st that permits the company to buyback 4,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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. The company also owns and operates full-service hotels and resorts, as well as manages full-service hotels, resorts, and other properties. In addition, it provides hospitality management services, including check-in, housekeeping, and maintenance for a vacation ownership development; and manages condominium hotels under long-term management contracts.