Scripps Networks Interactive Inc. Announces Quarterly Dividend of $0.20 (SNI)
Scripps Networks Interactive (NYSE:SNI) announced a quarterly dividend on Thursday, February 13th, Stock Ratings Network reports. Investors of record on Friday, February 28th will be paid a dividend of 0.20 per share on Monday, March 10th. This represents a $0.80 annualized dividend and a dividend yield of 1.03%.
A number of research firms have recently commented on SNI. Analysts at Citigroup Inc. upgraded shares of Scripps Networks Interactive from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 22nd. They noted that the move was a valuation call. On a related note, analysts at Nomura initiated coverage on shares of Scripps Networks Interactive in a research note on Wednesday, January 15th. They set a “neutral” rating and a $85.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Scripps Networks Interactive in a research note on Friday, December 20th. They now have a $88.00 price target on the stock. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Scripps Networks Interactive currently has a consensus rating of “Hold” and a consensus price target of $81.50.
Scripps Networks Interactive (NYSE:SNI) traded down 0.50% during mid-day trading on Thursday, hitting $77.44. 1,077,411 shares of the company’s stock traded hands. Scripps Networks Interactive has a 52 week low of $60.88 and a 52 week high of $86.62. The stock has a 50-day moving average of $77.86 and a 200-day moving average of $76.89. The company has a market cap of $11.312 billion and a price-to-earnings ratio of 16.56.
Scripps Networks Interactive, Inc is a developer of lifestyle-oriented content for television and the Internet with television and interactive brands.
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