Barnes & Noble, Inc. (BKS) Plans Quarterly Dividend of $0.15

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.

Barnes & Noble (NYSE:BKS) last issued its quarterly earnings results on Tuesday, November 20th. The specialty retailer reported ($0.38) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.03. Barnes & Noble had a negative net margin of 3.60% and a positive return on equity of 7.32%. The company had revenue of $771.20 million during the quarter, compared to analysts’ expectations of $772.03 million. During the same quarter last year, the company posted ($0.41) EPS. The firm’s revenue was down 2.5% compared to the same quarter last year.

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.

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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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Dividend History for Barnes & Noble (NYSE:BKS)

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