Oxford Industries, Inc. (NYSE:OXM – Get Free Report) declared a quarterly dividend on Tuesday, September 1st. Shareholders of record on Friday, October 16th will be paid a dividend of $0.70 per share by the textile maker on Friday, October 30th. This represents a $2.80 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Friday, October 16th.
Oxford Industries has raised its dividend by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 5 years. Oxford Industries has a dividend payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Oxford Industries to earn $2.29 per share next year, which means the company may not be able to cover its $2.80 annual dividend with an expected future payout ratio of 122.3%.
Oxford Industries Trading Up 1.7%
Shares of Oxford Industries stock opened at $25.70 on Wednesday. The company has a market capitalization of $384.97 million, a P/E ratio of -50.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.56 and a current ratio of 1.17. The company has a fifty day moving average of $31.70 and a 200 day moving average of $37.25. Oxford Industries has a fifty-two week low of $24.19 and a fifty-two week high of $49.58.
About Oxford Industries
Oxford Industries, Inc is an apparel and lifestyle products company headquartered in Atlanta, Georgia. Founded in 1942, the company designs, sources, markets and distributes branded clothing, accessories and related products for women, men and children.
Its portfolio includes Tommy Bahama, a resort-inspired lifestyle brand; Lilly Pulitzer, known for colorful women’s, children’s and home products; Southern Tide, a casual lifestyle brand; and Johnny Was, which offers women’s apparel and accessories.
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