Cost ManagementOUT announced a 6% reduction in force expected to result in $18-20 million in annual savings, improving the cost outlook.
Dividend YieldThe company’s cash dividend rate is $1.20 annually dividend rate, providing a 6.3% yield.
Revenue GrowthThe transit franchises the company operates have entailed meaningful investment in the digital inventory on those assets, which increases the attractiveness for advertisers, supporting the solid revenue growth for this segment in recent quarters.