Ermenegildo Zegna N.V. (ZGN) to Issue Annual Dividend of $0.12 on July 29th

Ermenegildo Zegna N.V. (NYSE:ZGNGet Free Report) announced an annual dividend on Thursday, April 30th. Shareholders of record on Monday, July 6th will be paid a dividend of 0.12 per share on Wednesday, July 29th. This represents a yield of 99.0%. The ex-dividend date is Monday, July 6th.

Ermenegildo Zegna has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Ermenegildo Zegna to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 20.7%.

Ermenegildo Zegna Price Performance

NYSE:ZGN opened at $13.19 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.59 and a quick ratio of 0.91. The firm has a 50-day moving average of $13.42 and a 200-day moving average of $11.54. Ermenegildo Zegna has a one year low of $7.61 and a one year high of $15.44.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ZGN. Wall Street Zen downgraded Ermenegildo Zegna from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Ermenegildo Zegna in a report on Monday, April 20th. The Goldman Sachs Group downgraded Ermenegildo Zegna from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $13.30 to $14.00 in a research note on Wednesday, June 17th. JPMorgan Chase & Co. raised their target price on Ermenegildo Zegna from $12.50 to $14.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, TD Cowen raised Ermenegildo Zegna from a “hold” rating to a “buy” rating and lifted their target price for the company from $13.00 to $15.00 in a research report on Wednesday, May 20th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.01.

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Ermenegildo Zegna Company Profile

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Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.

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Dividend History for Ermenegildo Zegna (NYSE:ZGN)

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