The Marcus Corporation Declares Quarterly Dividend

Rhea-AI Summary

The Marcus (NYSE: MCS) has announced a regular quarterly cash dividend of $0.07 per share of common stock, payable on June 26, 2024, to shareholders recorded by June 17, 2024. Additionally, a dividend of $0.064 per share will be paid on the Class B common stock, which is not publicly traded, also on June 26, 2024, to shareholders of record on June 17, 2024.

The Marcus , based in Milwaukee, is a notable player in the lodging and entertainment sectors, with considerable real estate holdings. Their theatre division, Marcus Theatres, is the fourth largest in the U.S., operating 993 screens across 79 locations in 17 states. The lodging division, Marcus Hotels & Resorts, owns or manages 16 properties in eight states.

Positive

• Regular quarterly cash dividend of $0.07 per share for common stock.
• $0.064 per share dividend for Class B common stock.
• Payment date set for June 26, 2024, indicating financial stability.
• Record date on June 17, 2024, ensures shareholder clarity.
• Marcus Theatres is the fourth largest theatre circuit in the U.S.
• Theatre division operates 993 screens at 79 locations in 17 states.
• Lodging division manages 16 properties in eight states.

Negative

• None.

MILWAUKEE--(BUSINESS WIRE)-- Directors of The Marcus Corporation (NYSE: MCS) today declared a regular quarterly cash dividend of $0.07 per share of common stock. The dividend will be paid June 26, 2024, to shareholders of record on June 17, 2024.

The Board of Directors also declared a dividend of $0.064 per share on the Class B common stock. The dividend on the Class B common stock, which is not publicly traded, will also be paid June 26, 2024, to shareholders of record on June 17, 2024.

About The Marcus Corporation

Headquartered in Milwaukee, The Marcus Corporation is a leader in the lodging and entertainment industries, with significant company-owned real estate assets. The Marcus Corporation’s theatre division, Marcus Theatres^®, is the fourth largest theatre circuit in the U.S. and currently owns or operates 993 screens at 79 locations in 17 states under the Marcus Theatres, Movie Tavern^® by Marcus and BistroPlex^® brands. The company’s lodging division, Marcus^® Hotels & Resorts, owns and/or manages 16 hotels, resorts and other properties in eight states. For more information, please visit the company’s website at www.marcuscorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240523722137/en/

Thomas F. Kissinger

(414) 905-1390

Source: The Marcus Corporation

FAQ

When will The Marcus pay the quarterly dividend?

The Marcus will pay the quarterly dividend on June 26, 2024.

What is the dividend amount per share for The Marcus common stock?

The dividend amount per share for The Marcus common stock is $0.07.

What is the record date for The Marcus 's dividend?

The record date for The Marcus 's dividend is June 17, 2024.

How much is the dividend for The Marcus 's Class B common stock?

The dividend for The Marcus 's Class B common stock is $0.064 per share.

How many screens does Marcus Theatres operate?

Marcus Theatres operates 993 screens.

How many locations does Marcus Theatres have?

Marcus Theatres has 79 locations in 17 states.

How many properties does Marcus Hotels & Resorts manage?

Marcus Hotels & Resorts manages 16 properties.