AMC Entertainment Holdings Inc (NYSE:AMC) announced a quarterly dividend on Monday, November 5th, Wall Street Journal reports. Investors of record on Monday, December 10th will be paid a dividend of 0.20 per share on Wednesday, December 26th. This represents a $0.80 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend is Friday, December 7th.
AMC Entertainment has raised its dividend by an average of 10.1% per year over the last three years. AMC Entertainment has a payout ratio of 615.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect AMC Entertainment to earn $0.40 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 200.0%.
Shares of AMC stock opened at $19.18 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $2.42 billion, a P/E ratio of -21.55, a P/E/G ratio of 118.75 and a beta of 0.83. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $21.45.
In other AMC Entertainment news, Director Wanda America Investment Holdi sold 75,826,927 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $1.82, for a total transaction of $138,005,007.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Mcdonald sold 17,500 shares of the company’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $18.70, for a total value of $327,250.00. Following the sale, the executive vice president now owns 39,462 shares of the company’s stock, valued at $737,939.40. The disclosure for this sale can be found here. 0.01% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on AMC. Imperial Capital began coverage on AMC Entertainment in a research note on Wednesday, July 11th. They issued an “outperform” rating and a $23.00 price target for the company. Barrington Research reiterated a “buy” rating on shares of AMC Entertainment in a research note on Friday, October 19th. ValuEngine upgraded AMC Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Wedbush upgraded AMC Entertainment to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday, August 1st. Finally, MKM Partners cut AMC Entertainment from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research note on Friday, September 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $20.28.
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AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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