As per Time Inc. (NYSE:TIME)’s news release on 2016-08-04, its shareholders will get cash dividend of $0.19 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 Time Inc. (NYSE:TIME) disbursed $0.19 in dividend compared to distribution of $0.19, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 300%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Time Inc. (NYSE:TIME) to attain a price target of $17.333. It is an average estimate figure given by 3 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $20. The low price range is set at $15 for next year while the arithmetic mean is seen at 2.
Eyeing Earnings Time Inc. (NYSE:TIME) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.31 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Time Inc. (NYSE:TIME) earnings came at $0.22 suggesting a deviation of $0.06. The brokerages targeted EPS of $0.16 for the quarter.
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