dividend
confidence high
sentiment neutral
materiality 0.60
OUTFRONT Media declares $0.75/share special dividend payable in cash and stock
OUTFRONT Media Inc.
- Special dividend of $0.75/share payable Dec 31, 2024 to holders of record Nov 15, 2024.
- Cash portion capped at $49.8M (~$0.30/share); stock portion ~$74.7M (~$0.45/share).
- Stockholders elect all cash or all stock by Dec 13, 2024; pro-ration if cash oversubscribed.
- Dividend represents projected balance of 2024 distributable REIT income after prior cash dividends.