Corrections Corp Of America Announces Quarterly Dividend of $0.51 (CXW)
Corrections Corp Of America (NYSE:CXW) announced a quarterly dividend on Thursday, August 14th, AnalystRatingsNetwork.com reports. Investors of record on Thursday, October 2nd will be paid a dividend of 0.51 per share on Wednesday, October 15th. This represents a $2.04 annualized dividend and a dividend yield of 5.76%.
Corrections Corp Of America (NYSE:CXW) traded down 0.06% during mid-day trading on Thursday, hitting $35.37. The stock had a trading volume of 525,094 shares. Corrections Corp Of America has a 1-year low of $30.37 and a 1-year high of $38.13. The stock’s 50-day moving average is $33.36 and its 200-day moving average is $32.84. The company has a market cap of $4.118 billion and a price-to-earnings ratio of 20.10.
Corrections Corp Of America (NYSE:CXW) last announced its earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $410.69 million for the quarter, compared to the consensus estimate of $407.99 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Corrections Corp Of America will post $1.88 EPS for the current fiscal year.
Corrections Corporation of America (NYSE:CXW) is a real estate investment trust.
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