Acushnet (GOLF) To Go Ex-Dividend on June 5th

Acushnet (NYSE:GOLFGet Free Report) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.255 per share on Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th.

Acushnet has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Acushnet has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Acushnet to earn $4.11 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 24.8%.

Acushnet Price Performance

NYSE:GOLF opened at $88.30 on Wednesday. Acushnet has a one year low of $67.75 and a one year high of $104.81. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.59 and a current ratio of 2.87. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 31.09 and a beta of 0.85. The firm’s fifty day moving average is $92.71 and its two-hundred day moving average is $91.13.

Acushnet (NYSE:GOLFGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.02). The company had revenue of $752.98 million during the quarter, compared to analysts’ expectations of $722.48 million. Acushnet had a return on equity of 22.95% and a net margin of 6.54%.The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.62 EPS. Research analysts expect that Acushnet will post 3.82 EPS for the current year.

About Acushnet

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Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.

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Dividend History for Acushnet (NYSE:GOLF)

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