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Cinemark and Cabot report earnings and dividend updates
Cinemark reported quarterly earnings of $1.19 per share on revenue of $1.09 billion, exceeding analyst consensus estimates of $1.03 per share. The company's revenue saw a 15.5% increase compared to the same quarter last year. Cinemark also announced a quarterly dividend of $0.09 per share, scheduled for payment on September 9, 2026.
Cabot Corporation announced a quarterly dividend of $0.4725 per share, which will be paid on September 11 to shareholders of record. This continues a 14-year trend of dividend increases for the company. Concurrently, CEO Sean D. Keohane sold 91,923 shares at an average price of $86.41 on August 7. While some analysts, such as those at Truist, have set a price target of $100, market sentiment remains divided regarding the stock's future performance.