Steven Madden, Ltd. (NASDAQ:SHOO – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, September 11th will be paid a dividend of 0.21 per share by the textile maker on Thursday, September 24th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, September 11th.
Steven Madden has increased its dividend by an average of 0.4%annually over the last three years. Steven Madden has a dividend payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Steven Madden to earn $2.69 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 31.2%.
Steven Madden Stock Performance
NASDAQ:SHOO opened at $43.16 on Wednesday. Steven Madden has a 1-year low of $29.74 and a 1-year high of $49.70. The firm has a market cap of $3.16 billion, a PE ratio of 21.69 and a beta of 1.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.91 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $44.33 and a 200-day simple moving average of $40.65.
Steven Madden Company Profile
Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.
Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.
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