Steven Madden, Ltd. Declares Quarterly Dividend of $0.21 (NASDAQ:SHOO)

Steven Madden, Ltd. (NASDAQ:SHOO) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Monday, June 8th will be paid a dividend of 0.21 per share by the textile maker on Friday, June 19th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, June 8th.

Steven Madden has increased its dividend payment by an average of 0.4%annually over the last three years. Steven Madden has a dividend payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Steven Madden to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 34.4%.

Steven Madden Stock Up 6.2%

SHOO stock traded up $2.33 during midday trading on Wednesday, hitting $40.02. The stock had a trading volume of 2,355,412 shares, compared to its average volume of 1,384,687. Steven Madden has a 52-week low of $20.98 and a 52-week high of $46.88. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 64.55 and a beta of 1.12. The business has a 50-day moving average of $35.66 and a two-hundred day moving average of $38.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.11.

Steven Madden (NASDAQ:SHOO) last released its earnings results on Wednesday, May 6th. The textile maker reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.03. Steven Madden had a return on equity of 13.60% and a net margin of 1.76%.During the same period in the previous year, the company earned $0.60 EPS. The business’s revenue was up 18.0% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, equities research analysts forecast that Steven Madden will post 2.09 earnings per share for the current fiscal year.

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.