Macy’s, Inc. (M) to Issue Quarterly Dividend of $0.19 on October 1st

Macy’s, Inc. (NYSE:M) declared a quarterly dividend on Friday, August 28th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.1915 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Macy’s has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Macy’s has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Macy’s to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 31.8%.

Macy’s Stock Up 7.5%

M stock traded up $1.53 during mid-day trading on Friday, reaching $22.03. 10,273,860 shares of the company traded hands, compared to its average volume of 5,847,674. The company has a quick ratio of 0.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.49. The firm’s 50 day moving average price is $23.47 and its 200 day moving average price is $21.43. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 8.07 and a beta of 1.41. Macy’s has a fifty-two week low of $16.41 and a fifty-two week high of $26.58.

Macy’s (NYSE:M) last issued its quarterly earnings data on Thursday, September 10th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.37 by $0.26. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. As a group, equities research analysts predict that Macy’s will post 2.28 EPS for the current fiscal year.

Key Headlines Impacting Macy’s

Here are the key news stories impacting Macy’s this week:

• Positive Sentiment: Macy’s exceeded analysts’ expectations for second-quarter earnings and revenue. Reported adjusted EPS was approximately $0.40 versus the $0.37 consensus, while revenue rose 1.1% year over year to roughly $4.9 billion. The company also reported growth across its major nameplates. Macy’s Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: The retailer raised its fiscal 2026 outlook, projecting EPS of $2.15-$2.35 versus a $2.11 consensus and revenue of approximately $21.7-$21.8 billion, above the $21.1 billion consensus. Its sales outlook was supported by higher comparable sales expectations and continued demand from middle- and higher-income customers. Macy’s Posts Strong Results and Raises Guidance
• Positive Sentiment: Management said premium merchandise and tariff refunds helped results. The improving sales trend and a roughly 3.5% dividend yield may appeal to income-focused investors if the turnaround continues and cash generation remains solid. Premium Goods Drive Sales Growth
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, indicating that the earnings improvement and valuation are balanced by execution risks in the ongoing turnaround. BTIG Research Rating
• Negative Sentiment: Despite the beat and guidance increase, investors initially focused on Macy’s projected third-quarter adjusted loss of $0.19-$0.23 per share, which is wider than the $0.12 consensus loss. Softer near-term comparable-sales expectations and broader market weakness also pressured sentiment. Macy’s Stock and Fiscal 2026 Outlook

Macy’s Company Profile

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.