Cinemark Holdings (CNK) Raises Quarterly Dividend 8% to $0.27; 3.5% Yield

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Go back to Cinemark Holdings (CNK) Raises Quarterly Dividend 8% to $0.27; 3.5% Yield

Cinemark Announces 8% Dividend Increase

February 24, 2016 6:30 AM EST

PLANO, Texas--(BUSINESS WIRE)-- Cinemark Holdings, Inc. (NYSE: CNK), one of the largest motion picture exhibitors in the world, announced today that its Board of Directors has increased its cash dividend by 8% to $1.08 per share of common stock on an annualized basis, effective immediately. The fourth quarter dividend of $.27 will be paid on March 18, 2016 to stockholders of record on March 7, 2016.

The record results of 2015 coupled with our confidence in our long-term growth strategy were key considerations in the capital allocation... More