Scripps Networks Interactive, Inc. (NASDAQ:SNI) announced a quarterly dividend on Wednesday, February 14th, RTT News reports. Stockholders of record on Wednesday, February 28th will be paid a dividend of 0.30 per share on Saturday, March 10th. This represents a $1.20 annualized dividend and a dividend yield of 1.37%.
Shares of Scripps Networks Interactive (NASDAQ SNI) traded up $0.08 during trading on Wednesday, hitting $87.58. The stock had a trading volume of 481,123 shares, compared to its average volume of 929,249. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $11,340.28, a P/E ratio of 18.71, a PEG ratio of 3.10 and a beta of 1.40. Scripps Networks Interactive has a 12 month low of $64.87 and a 12 month high of $88.87.
Several analysts have recently weighed in on the company. BidaskClub downgraded Scripps Networks Interactive from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. Zacks Investment Research upgraded Scripps Networks Interactive from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Friday, February 2nd. Cowen restated a “hold” rating and set a $90.00 target price on shares of Scripps Networks Interactive in a research note on Monday, February 5th. Finally, Royal Bank of Canada set a $90.00 target price on Scripps Networks Interactive and gave the company a “hold” rating in a research note on Friday, October 20th. Fifteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $86.57.
In related news, Director Michael R. Costa sold 18,955 shares of Scripps Networks Interactive stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $83.64, for a total value of $1,585,396.20. Following the completion of the transaction, the director now directly owns 13,035 shares in the company, valued at $1,090,247.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.
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About Scripps Networks Interactive
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content, providing primarily home, food, travel and other lifestyle-related programing. The Company’s content is distributed through multiple methods, including television, the Internet, digital platforms and licensing arrangements.
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