Bath & Body Works, Inc. (NYSE:BBWI – Get Free Report) announced a quarterly dividend on Friday, May 15th. Shareholders of record on Friday, June 5th will be given a dividend of 0.20 per share on Friday, June 19th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, June 5th.
Bath & Body Works has raised its dividend by an average of 0.2%annually over the last three years. Bath & Body Works has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bath & Body Works to earn $2.87 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 27.9%.
Bath & Body Works Stock Down 4.8%
NYSE BBWI opened at $17.10 on Friday. The stock’s 50-day simple moving average is $19.14 and its two-hundred day simple moving average is $20.66. Bath & Body Works has a twelve month low of $14.27 and a twelve month high of $34.29. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 1.71 and a beta of 1.43.
About Bath & Body Works
Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.
Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.
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