As per Meredith Corporation (NYSE:MDP)’s news release on 2016-08-10, its shareholders will get cash dividend of $0.495 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-31 and 2016-09-15, respectively.
The stock will commence trading ex-dividend from 2016-08-29, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Meredith Corporation (NYSE:MDP) disbursed $0.495 in dividend compared to distribution of $0.495, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 7.0225%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Meredith Corporation (NYSE:MDP) to attain a price target of $50. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $50. The low price range is set at $50 for next year while the arithmetic mean is seen at 3.
Eyeing Earnings Meredith Corporation (NYSE:MDP) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.72 for the period ending on 2016-09-30.
In last quarter ended 2016-06-30, Meredith Corporation (NYSE:MDP) earnings came at $1.08 suggesting a deviation of $0.04. The brokerages targeted EPS of $1.04 for the quarter.
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