Regal Entertainment Group (NYSE:RGC) announced a quarterly dividend on Thursday, July 27th, Wall Street Journal reports. Investors of record on Tuesday, September 5th will be given a dividend of 0.22 per share on Friday, September 15th. This represents a $0.88 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Thursday, August 31st.

Regal Entertainment Group has increased its dividend by an average of 1.6% annually over the last three years. Regal Entertainment Group has a dividend payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Regal Entertainment Group to earn $1.27 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 69.3%.

Regal Entertainment Group (RGC) traded down 4.70% during midday trading on Thursday, reaching $19.25. The company had a trading volume of 5,941,745 shares. The company has a 50-day moving average of $20.14 and a 200-day moving average of $21.37. The stock has a market capitalization of $3.01 billion, a PE ratio of 16.89 and a beta of 0.93. Regal Entertainment Group has a 12-month low of $18.64 and a 12-month high of $24.79.

Regal Entertainment Group (NYSE:RGC) last released its earnings results on Wednesday, July 26th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Regal Entertainment Group had a negative return on equity of 21.38% and a net margin of 5.51%. The company had revenue of $764.20 million during the quarter, compared to the consensus estimate of $764.15 million. During the same period last year, the firm posted $0.23 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Regal Entertainment Group will post $1.11 EPS for the current fiscal year.

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Several research firms have commented on RGC. Wedbush reissued a “buy” rating on shares of Regal Entertainment Group in a report on Thursday. B. Riley restated a “buy” rating and issued a $26.00 price target on shares of Regal Entertainment Group in a research note on Thursday. Royal Bank Of Canada restated a “hold” rating and issued a $22.00 price target on shares of Regal Entertainment Group in a research note on Thursday. BidaskClub cut Regal Entertainment Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Morgan Stanley decreased their price target on Regal Entertainment Group from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Thursday, July 6th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $24.86.

About Regal Entertainment Group

Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

Dividend History for Regal Entertainment Group (NYSE:RGC)

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