CuriosityStream Inc. (NASDAQ:CURI) Announces Quarterly Dividend of $0.03

CuriosityStream Inc. (NASDAQ:CURI) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.025 per share on Friday, March 28th. This represents a $0.10 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, March 14th.

CuriosityStream has a dividend payout ratio of -111.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect CuriosityStream to earn ($0.01) per share next year, which means the company may not be able to cover its $0.10 annual dividend with an expected future payout ratio of -1,000.0%.

CuriosityStream Trading Up 1.0 %

CURI stock opened at $1.95 on Friday. The company’s 50 day simple moving average is $2.05 and its 200-day simple moving average is $1.44. CuriosityStream has a 12 month low of $0.45 and a 12 month high of $3.00.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The business had revenue of $12.40 million for the quarter, compared to analyst estimates of $12.30 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 21.70%. During the same period in the prior year, the business earned ($0.19) earnings per share. As a group, analysts predict that CuriosityStream will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Nikzad sold 58,896 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $1.12, for a total transaction of $65,963.52. Following the sale, the director now owns 372,369 shares in the company, valued at approximately $417,053.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CuriosityStream news, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total transaction of $177,665.67. Following the transaction, the director now owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Nikzad sold 58,896 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $1.12, for a total transaction of $65,963.52. Following the transaction, the director now directly owns 372,369 shares in the company, valued at approximately $417,053.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 283,673 shares of company stock worth $379,977. 49.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC raised their target price on shares of CuriosityStream from $1.35 to $3.00 and gave the stock a “buy” rating in a research report on Thursday.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.