OUTFRONT Media Declares $0.10 Quarterly Dividend
Ticker: OUT · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1579877
Sentiment: neutral
Topics: dividend, shareholder-return
TL;DR
OUTFRONT Media is paying out another $0.10/share dividend on June 28th.
AI Summary
OUTFRONT Media Inc. announced on June 10, 2024, that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is payable on June 28, 2024, to stockholders of record as of the close of business on June 17, 2024. This marks a continuation of their regular dividend payments.
Why It Matters
This dividend declaration indicates the company's continued financial stability and commitment to returning value to its shareholders.
Risk Assessment
Risk Level: low — The filing is a routine dividend declaration, which is a standard corporate action with low inherent risk.
Key Numbers
- $0.10 — Quarterly Dividend Per Share (Amount to be paid to shareholders for the current quarter.)
Key Players & Entities
- OUTFRONT Media Inc. (company) — Registrant
- $0.10 (dollar_amount) — Quarterly cash dividend per share
- June 10, 2024 (date) — Date of the report and dividend declaration
- June 28, 2024 (date) — Payment date for the dividend
- June 17, 2024 (date) — Record date for the dividend
FAQ
What is the amount of the quarterly cash dividend declared by OUTFRONT Media Inc.?
OUTFRONT Media Inc. declared a quarterly cash dividend of $0.10 per share on its common stock.
On what date was the dividend declared?
The dividend was declared on June 10, 2024.
When will the declared dividend be paid to shareholders?
The dividend is payable on June 28, 2024.
Who is eligible to receive this dividend payment?
Stockholders of record as of the close of business on June 17, 2024, are eligible to receive the dividend.
What is the filing item information for this 8-K?
The filing item information includes Regulation FD Disclosure, Other Events, and Financial Statements and Exhibits.
Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-06-10 08:01:23
Key Financial Figures
- $0 — nge on which registered Common Stock, $0.01, par value OUT New York Stock Excha
- $410.0 million — the Transaction, the Company received C$410.0 million in cash, which is subject to certain pu
Filing Documents
- out-20240610.htm (8-K) — 38KB
- exhibit991outclosingprfina.htm (EX-99.1) — 19KB
- image_0.jpg (GRAPHIC) — 6KB
- image_1.jpg (GRAPHIC) — 19KB
- 0001579877-24-000066.txt ( ) — 219KB
- out-20240610.xsd (EX-101.SCH) — 2KB
- out-20240610_lab.xml (EX-101.LAB) — 21KB
- out-20240610_pre.xml (EX-101.PRE) — 12KB
- out-20240610_htm.xml (XML) — 3KB
01
Item 7.01 Regulation FD Disclosure. On June 10, 2024, OUTFRONT Media Inc. (the "Company") issued a press release announcing the completion of the previously announced sale of all of its (and its affiliates') equity interests in Outdoor Systems Americas ULC and its subsidiaries (the "Transaction"), which hold all of the assets of the Company's outdoor advertising business in Canada (the "Canadian Business"), to Bell Media Inc. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference. The information contained in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 attached hereto, is being furnished pursuant to this Item 7.01. This information shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, or incorporated by reference into any filing under the Securities Act, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
01
Item 8.01 Other Events. On June 7, 2024, the Company completed the previously announced sale of the Canadian Business in the Transaction. In connection with the Transaction, the Company received C$410.0 million in cash, which is subject to certain purchase price adjustments.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed or furnished, as applicable, herewith: Exhibit Number Description 99.1 Press Release dated June 10, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). EXHIBIT INDEX Exhibit Number Description 99.1 Press Release dated June 10, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OUTFRONT MEDIA INC. By: /s/ Matthew Siegel Name: Matthew Siegel Title: Executive Vice President and Chief Financial Officer Date: June 10, 2024