Regal Entertainment Group (RGC) to Issue Quarterly Dividend of $0.22 on February 26th

Regal Entertainment Group (NYSE:RGC) announced a quarterly dividend on Tuesday, February 6th, Fidelity reports. Shareholders of record on Saturday, February 17th will be paid a dividend of 0.22 per share on Monday, February 26th. This represents a $0.88 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Thursday, February 15th.

Regal Entertainment Group has a dividend payout ratio of 94.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Regal Entertainment Group to earn $1.03 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 85.4%.

Shares of Regal Entertainment Group (NYSE RGC) opened at $23.12 on Wednesday. The company has a debt-to-equity ratio of -2.84, a quick ratio of 0.78 and a current ratio of 0.84. The company has a market capitalization of $3,633.33, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. Regal Entertainment Group has a twelve month low of $13.90 and a twelve month high of $23.17.

An institutional investor recently raised its position in Regal Entertainment Group stock. The Manufacturers Life Insurance Company raised its holdings in shares of Regal Entertainment Group (NYSE:RGC) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,871 shares of the company’s stock after acquiring an additional 373 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Regal Entertainment Group were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 82.04% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on RGC shares. Zacks Investment Research upgraded Regal Entertainment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Wedbush set a $23.00 target price on Regal Entertainment Group and gave the stock a “hold” rating in a research note on Monday, January 8th. B. Riley set a $24.00 target price on Regal Entertainment Group and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Benchmark boosted their target price on Regal Entertainment Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, Hilliard Lyons downgraded Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. Regal Entertainment Group currently has a consensus rating of “Hold” and a consensus target price of $22.23.

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Regal Entertainment Group Company Profile

Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

Dividend History for Regal Entertainment Group (NYSE:RGC)

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