Tag Archives: CNK

Why Cinemark Blasted Almost 9% Higher Today

What happened

This past weekend was a good one for cinema operators, but not for the reasons one might expect. As a result, Cinemark Holdings (NYSE:CNK) was a popular stock Monday, rising to end the day 8.6% higher.

So what

The weekend’s box-office champion for the second time in a row was the latest effort from Walt Disney’s (NYSE:DIS) Marvel Studios, Shang-Chi. The superhero action film took in nearly $36 million domestically over the weekend — well outpacing the $5.8 million of the No. 2, Free Guy — pushing it over the $100 million mark in only....More>>>

Top 10 Dividend Stocks To Buy For 2023

Shares of Alpine Income Property Trust, Inc. (PINE Quick QuotePINE ) gained 1.2% after the company announced a 2% sequential hike in its third-quarter cash dividend. It will now pay out a dividend of 25.5 cents per share, up from 25 cents disbursed in the prior quarter. The increased dividend will be paid out on Sep 30 to its shareholders of record as of Sep 9, 2021.

Based on the raised rate, the annual dividend came to $1.02 a share, resulting in an annualized yield of 5.5%, considering the company’s closing price of $18.51 on Aug 20.

Can Alpine Maintain Its Payout?