E. W. Scripps (NYSE:SSP) Plans $0.05 Dividend

E. W. Scripps (NYSE:SSP) declared a dividend on Tuesday, November 5th, Fidelity reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.05 per share on Tuesday, December 24th. The ex-dividend date of this dividend is Thursday, December 12th.

NYSE SSP traded down $0.36 during midday trading on Tuesday, hitting $14.76. The company had a trading volume of 18,997 shares, compared to its average volume of 392,617. The firm has a 50-day moving average price of $14.42 and a 200-day moving average price of $14.11. E. W. Scripps has a twelve month low of $11.36 and a twelve month high of $23.41.

Several brokerages have weighed in on SSP. Noble Financial reaffirmed a “buy” rating and issued a $20.00 price objective on shares of E. W. Scripps in a report on Wednesday, November 13th. Wells Fargo & Co initiated coverage on E. W. Scripps in a report on Monday, September 23rd. They set an “outperform” rating and a $17.00 price target for the company. Guggenheim reissued a “neutral” rating and set a $14.00 price target (down previously from $22.00) on shares of E. W. Scripps in a report on Monday, August 12th. Zacks Investment Research raised E. W. Scripps from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Benchmark lowered their price target on E. W. Scripps from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. E. W. Scripps has a consensus rating of “Buy” and a consensus price target of $17.60.

In related news, CFO Lisa A. Knutson sold 25,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $14.27, for a total transaction of $356,750.00. Following the sale, the chief financial officer now owns 14,794 shares in the company, valued at approximately $211,110.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.16% of the stock is currently owned by insiders.

About E. W. Scripps

The E.W. Scripps Company, together with its subsidiaries, operates as a media enterprise through a portfolio of local and national media brands. Its Local Media segment operates broadcast television stations, which produce news, information, and entertainment content, as well as its related digital operations.

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Dividend History for E. W. Scripps (NYSE:SSP)

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