Buckle Inc (NYSE:BKE) to Issue Quarterly Dividend of $0.25

Buckle Inc (NYSE:BKE) announced a quarterly dividend on Wednesday, June 5th, Wall Street Journal reports. Investors of record on Friday, July 12th will be given a dividend of 0.25 per share on Friday, July 26th. This represents a $1.00 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date of this dividend is Thursday, July 11th.

Buckle has raised its dividend by an average of 2.8% annually over the last three years. Buckle has a dividend payout ratio of 52.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Buckle to earn $1.48 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 67.6%.

Buckle stock opened at $17.06 on Wednesday. The stock has a market cap of $844.79 million, a PE ratio of 8.66 and a beta of 0.74. The stock’s 50-day moving average is $16.47. Buckle has a 52 week low of $14.81 and a 52 week high of $29.65. The company has a current ratio of 2.30, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75.

Buckle (NYSE:BKE) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The company had revenue of $201.31 million for the quarter, compared to analysts’ expectations of $200.93 million. Buckle had a return on equity of 22.96% and a net margin of 10.47%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. Equities research analysts predict that Buckle will post 1.73 EPS for the current fiscal year.

A number of research firms recently commented on BKE. TheStreet cut Buckle from a “b-” rating to a “c” rating in a research report on Friday, May 24th. Zacks Investment Research cut Buckle from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, ValuEngine upgraded Buckle from a “strong sell” rating to a “sell” rating in a report on Friday, April 19th.

In other Buckle news, Director Robert Erle Campbell sold 2,000 shares of Buckle stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $19.00, for a total value of $38,000.00. Following the completion of the sale, the director now owns 30,464 shares in the company, valued at approximately $578,816. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 41.80% of the stock is owned by insiders.

About Buckle

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, FITZ + EDDI, Outpost Makers, Departwest, and Veece.

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Dividend History for Buckle (NYSE:BKE)

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