Caleres, Inc. (NYSE:CAL – Get Free Report) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.07 per share by the textile maker on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, June 11th.
Caleres has a payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Caleres to earn $2.26 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 12.4%.
Caleres Stock Performance
Shares of CAL stock opened at $13.58 on Tuesday. The stock’s 50-day simple moving average is $12.70 and its 200-day simple moving average is $12.39. The firm has a market capitalization of $458.20 million, a PE ratio of -1,356.64 and a beta of 0.74. Caleres has a fifty-two week low of $8.80 and a fifty-two week high of $16.14.
About Caleres
Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.
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