Regal Entertainment Group (RGC) Plans $0.22 Quarterly Dividend

Regal Entertainment Group (NYSE:RGC) declared a quarterly dividend on Tuesday, February 6th, Fidelity reports. Investors of record on Saturday, February 17th will be given a dividend of 0.22 per share on Monday, February 26th. This represents a $0.88 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, February 15th.

Regal Entertainment Group has a dividend payout ratio of 94.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Regal Entertainment Group to earn $1.03 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 85.4%.

Regal Entertainment Group (NYSE:RGC) opened at $23.11 on Friday. The company has a market capitalization of $3,627.05, a price-to-earnings ratio of 26.56, a P/E/G ratio of 2.24 and a beta of 1.05. Regal Entertainment Group has a twelve month low of $13.90 and a twelve month high of $23.56. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84.

An institutional investor recently raised its position in Regal Entertainment Group stock. The Manufacturers Life Insurance Company raised its stake in shares of Regal Entertainment Group (NYSE:RGC) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,871 shares of the company’s stock after acquiring an additional 373 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Regal Entertainment Group were worth $100,000 as of its most recent SEC filing. Institutional investors own 84.30% of the company’s stock.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Regal Entertainment Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Wedbush cut Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a report on Tuesday, December 5th. B. Riley reiterated a “buy” rating and issued a $24.75 target price (up from $24.00) on shares of Regal Entertainment Group in a report on Wednesday, October 25th. Loop Capital cut their target price on Regal Entertainment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 23rd. Finally, Morgan Stanley increased their target price on Regal Entertainment Group from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Regal Entertainment Group has a consensus rating of “Hold” and a consensus target price of $22.23.

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Regal Entertainment Group Company Profile

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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