Bath & Body Works, Inc. (NYSE:BBWI – Get Free Report) declared a quarterly dividend on Friday, May 15th. Stockholders of record on Friday, June 5th will be given a dividend of 0.20 per share on Friday, June 19th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, June 5th.
Bath & Body Works has increased its dividend by an average of 0.2%per year over the last three years. Bath & Body Works has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bath & Body Works to earn $2.87 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 27.9%.
Bath & Body Works Trading Down 4.8%
Shares of BBWI stock traded down $0.86 on Friday, hitting $17.10. 5,199,902 shares of the stock were exchanged, compared to its average volume of 5,565,563. The firm has a market capitalization of $3.44 billion, a PE ratio of 5.43, a P/E/G ratio of 1.87 and a beta of 1.43. Bath & Body Works has a one year low of $14.27 and a one year high of $34.29. The firm’s 50 day moving average is $19.26 and its two-hundred day moving average is $20.68.
About Bath & Body Works
Bath & Body Works, Inc is a leading specialty retailer focused on personal care, home fragrance and complementary products. Through its flagship Bath & Body Works brand, the company offers a diverse assortment of shower gels, lotions, fragrance mists, candles and home fragrance items. Its product portfolio also includes the White Barn Candle Co range of premium scented candles and diffusers. Bath & Body Works serves consumers through a combination of brick-and-mortar stores and e-commerce platforms, delivering seasonal collections, limited-edition releases and signature scent lines.
Founded in 1990 as part of Limited Brands (now L Brands), Bath & Body Works opened its first store in New Albany, Ohio, and quickly expanded across the United States.
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