A. H. Belo Corp (NYSE:AHC) declared a — dividend on Friday, September 13th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.08 per share on Friday, December 6th. This represents a dividend yield of 8.9%. The ex-dividend date of this dividend is Thursday, November 14th.
A. H. Belo has a payout ratio of 114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of A. H. Belo stock traded up $0.03 on Friday, hitting $3.60. The stock had a trading volume of 22,656 shares, compared to its average volume of 18,424. The stock has a 50 day moving average of $3.55 and a 200 day moving average of $3.73. A. H. Belo has a twelve month low of $3.35 and a twelve month high of $4.80.
Several research firms have recently issued reports on AHC. ValuEngine raised A. H. Belo from a “hold” rating to a “buy” rating in a research note on Monday, July 8th. TheStreet raised A. H. Belo from a “d+” rating to a “c” rating in a research note on Monday, July 29th.
A. H. Belo Company Profile
A.H. Belo Corporation, together with its subsidiaries, operates as a local news and information publishing company primarily in Texas. The company operates through two segments, Publishing and Marketing Services. The Publishing segment publishes The Dallas Morning News, a newspaper; Briefing newspaper; and Al Dia, a Spanish-language newspaper, as well as operates related Websites and applications.
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