S&P Places Ratings of Outerwall (OUTR) on Review for Downgrade

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Outerwall's (OUTR) Increased Dividend is Credit-Negative Development - Moody's

March 15, 2016 3:17 PM EDT

Moody's Investors Service said that Outerwall Inc.'s (Nasdaq: OUTR) recent announcement to double its quarterly dividends from $0.30 per share to $0.60 per share is a credit negative development but will not impact its Ba3 Corporate Family rating (CFR) and the rating outlook remains negative. The company also announced that it plans to explore strategic and financial alternatives to enhance shareholder value, while continuing to focus on streamlining its operations and using cash flows to execute shareholder payouts and debt retirement. The announcement comes at a time when Outerwall's largest business segment, Redbox, is facing... More