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Cinemark Holdings (NYSE:CNK)’s share price reached a new 52-week high during mid-day trading on Thursday after the company announced a dividend, American Banking & Market News reports. The stock traded as high as $36.36 and last traded at $35.99, with a volume of 156,665 shares traded. The stock had previously closed at $35.88.

The newly announced dividend is scheduled for Friday, September 12th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, August 26th.

A number of research firms have recently commented on CNK. Analysts at Wunderlich reiterated a “buy” rating on shares of Cinemark Holdings in a research note on Wednesday. They now have a $44.00 price target on the stock, up previously from $40.00. Separately, analysts at MKM Partners raised their price target on shares of Cinemark Holdings from $34.00 to $40.00 in a research note on Friday, July 18th. They now have a “buy” rating on the stock. Finally, analysts at Hudson Square Research initiated coverage on shares of Cinemark Holdings in a research note on Monday, July 7th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $37.80.

The stock has a 50-day moving average of $34.21 and a 200-day moving average of $30.98. The company has a market cap of $4.132 billion and a P/E ratio of 20.50.

Cinemark Holdings (NYSE:CNK) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.14. The company had revenue of $717.90 million for the quarter, compared to the consensus estimate of $706.42 million. During the same quarter last year, the company posted $0.18 earnings per share. Cinemark Holdings’s revenue was down 1.1% compared to the same quarter last year. On average, analysts predict that Cinemark Holdings will post $1.79 earnings per share for the current fiscal year.

In other Cinemark Holdings news, COO Robert Copple unloaded 25,232 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $35.48, for a total value of $895,231.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Cinemark Holdings, Inc is engaged in the motion picture exhibition business with theatres. The Company manages its business in two segments: United States markets and international markets.

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