Ermenegildo Zegna N.V. (ZGN) To Go Ex-Dividend on July 6th

Ermenegildo Zegna N.V. (NYSE:ZGN) declared an annual dividend on Thursday, April 30th. Shareholders of record on Monday, July 6th will be given a dividend of 0.12 per share on Wednesday, July 29th. This represents a yield of 99.0%. The ex-dividend date is Monday, July 6th.

Ermenegildo Zegna has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ermenegildo Zegna to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 20.7%.

Ermenegildo Zegna Stock Up 2.8%

Shares of NYSE:ZGN opened at $12.46 on Friday. Ermenegildo Zegna has a twelve month low of $7.61 and a twelve month high of $12.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 1.59. The business has a fifty day moving average of $10.91 and a 200-day moving average of $10.48.

Ermenegildo Zegna (NYSE:ZGN) last announced its earnings results on Friday, March 20th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.11). The firm had revenue of $577.83 million during the quarter, compared to the consensus estimate of $1.17 billion. Analysts forecast that Ermenegildo Zegna will post 0.45 earnings per share for the current fiscal year.

About Ermenegildo Zegna

Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.