Barnes & Noble, Inc. (NYSE:BKS) declared a quarterly dividend on Wednesday, December 5th, RTT News reports. Investors of record on Friday, January 4th will be given a dividend of 0.15 per share by the specialty retailer on Friday, January 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.65%.
Barnes & Noble has a dividend payout ratio of 117.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
NYSE:BKS opened at $6.94 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.18 and a quick ratio of 0.14. The company has a market cap of $507.80 million, a P/E ratio of 15.77 and a beta of 1.22. Barnes & Noble has a fifty-two week low of $4.10 and a fifty-two week high of $7.71.
Several equities analysts have commented on BKS shares. Gabelli raised shares of Barnes & Noble from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. ValuEngine raised shares of Barnes & Noble from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th.
About Barnes & Noble
Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.
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