Caleres, Inc. Announces Quarterly Dividend of $0.07 (NYSE:CAL)

Caleres, Inc. (NYSE:CAL) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Thursday, June 11th will be given a dividend of 0.07 per share by the textile maker on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, June 11th.

Caleres has a payout ratio of 8.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Caleres to earn $2.11 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 13.3%.

Caleres Price Performance

Shares of NYSE CAL opened at $14.72 on Friday. The stock has a market capitalization of $496.65 million, a price-to-earnings ratio of -66.91 and a beta of 0.71. The business has a 50-day moving average of $12.25 and a 200-day moving average of $12.23. Caleres has a fifty-two week low of $8.80 and a fifty-two week high of $16.14.

Caleres (NYSE:CAL) last announced its quarterly earnings data on Thursday, March 19th. The textile maker reported ($0.36) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.04. The company had revenue of $695.06 million during the quarter, compared to analysts’ expectations of $688.43 million. Caleres had a positive return on equity of 6.49% and a negative net margin of 0.24%.Caleres’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. On average, sell-side analysts expect that Caleres will post 1.57 EPS for the current year.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.