Macy’s, Inc. (NYSE:M – Get Free Report) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Monday, June 15th will be given a dividend of 0.1915 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th.
Macy’s has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Macy’s has a dividend payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Macy’s to earn $2.26 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 33.6%.
Macy’s Trading Up 1.5%
M stock traded up $0.37 during mid-day trading on Friday, reaching $25.41. 7,706,478 shares of the stock traded hands, compared to its average volume of 7,454,594. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.44 and a current ratio of 1.48. Macy’s has a one year low of $10.54 and a one year high of $25.65. The stock has a market capitalization of $6.68 billion, a PE ratio of 10.50 and a beta of 1.48. The business has a 50-day moving average price of $20.17 and a two-hundred day moving average price of $20.70.
Macy’s Company Profile
Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.
The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.
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