The outdoor advertising firm increases its payout by 10% to $0.33, yielding 4.11% forward.
Outfront Media announced a 10% increase in its quarterly dividend to $0.33 per share, up from $0.30. The new dividend will be payable on September 30 to shareholders of record as of September 4, with an ex-dividend date also set for September 4.
The prior dividend stood at $0.30 per share, with the latest adjustment marking a continued trend of dividend growth. The forward yield on the new payout is 4.11%, reflecting the company’s latest financial positioning.
No immediate market reaction was disclosed in the announcement.