Corrections Corporation of America (NYSE:CXW) Updates On Dividend Release Date


On 2016-08-12, Corrections Corporation of America (NYSE:CXW) confirmed the dividend disbursement of $0.54 a share to shareholders as on record 2016-10-03. The firm will release dividend on 2016-10-17 while ex-dividend date is reported to be 2016-09-29.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Corrections Corporation of America (NYSE:CXW) paid a total of $0.54 per share in dividends. This figure stood at $0.54 a share in the same period a year ago indicating a deviation of 5.8824%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $20 on the stock. This figure is the average of recommendations offered by 1 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $20 and $20, respectively.

Taking the mathematical rating formula, the price for Corrections Corporation of America (NYSE:CXW) stands at 3. Earnings Review Corrections Corporation of America (NYSE:CXW) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-02. For the period ending on 2016-09-30, experts are expecting EPS of $0.68.

Coming to the quarter ending on 2015-12-31, Corrections Corporation of America (NYSE:CXW) recorded EPS of $0.69. The reported numbers came lower than the analysts’ estimates of $0.65, demonstrating a miss of $0.04 as against reported figures.

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