Big 5 Sporting Goods Co. (NASDAQ:BGFV) to Issue $0.05 Quarterly Dividend

Big 5 Sporting Goods Co. (NASDAQ:BGFV) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Friday, August 30th will be paid a dividend of 0.05 per share on Friday, September 13th. This represents a $0.20 annualized dividend and a yield of 9.39%. The ex-dividend date is Thursday, August 29th.

Big 5 Sporting Goods has increased its dividend payment by an average of 7.7% annually over the last three years. Big 5 Sporting Goods has a payout ratio of 74.1% indicating that its dividend is sufficiently covered by earnings.

Shares of BGFV opened at $2.13 on Thursday. Big 5 Sporting Goods has a 12 month low of $1.57 and a 12 month high of $6.70. The stock’s fifty day simple moving average is $1.98. The firm has a market capitalization of $35.46 million, a PE ratio of -26.63 and a beta of 0.56. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.42 and a quick ratio of 0.10.

Big 5 Sporting Goods (NASDAQ:BGFV) last announced its earnings results on Tuesday, April 30th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Big 5 Sporting Goods had a negative net margin of 0.06% and a positive return on equity of 0.81%. The business had revenue of $245.29 million during the quarter, compared to analysts’ expectations of $246.64 million.

BGFV has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Big 5 Sporting Goods from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a report on Tuesday, April 30th. ValuEngine upgraded shares of Big 5 Sporting Goods from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

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Dividend History for Big 5 Sporting Goods (NASDAQ:BGFV)

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