Caleres, Inc. (CAL) to Distribute Quarterly Dividend of $0.07 on September 25th

Caleres, Inc. (NYSE:CALGet Free Report) announced a quarterly dividend on Friday, August 28th. Investors of record on Friday, September 11th will be given a dividend of 0.07 per share by the textile maker on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, September 11th.

Caleres has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Caleres to earn $2.27 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 12.3%.

Caleres Trading Down 3.0%

Shares of CAL stock opened at $12.06 on Wednesday. The company has a market capitalization of $405.10 million, a price-to-earnings ratio of -1,204.80 and a beta of 0.75. The firm has a 50-day moving average price of $12.70 and a 200 day moving average price of $12.44. Caleres has a twelve month low of $8.80 and a twelve month high of $16.14.

Wall Street Analyst Weigh In

CAL has been the topic of a number of analyst reports. Zacks Research lowered shares of Caleres from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. Wall Street Zen downgraded Caleres from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. KeyCorp restated a “sector weight” rating on shares of Caleres in a report on Friday, June 5th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Caleres in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Caleres presently has an average rating of “Reduce”.

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Caleres Company Profile

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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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Dividend History for Caleres (NYSE:CAL)

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