Steven Madden, Ltd. (NASDAQ:SHOO) Shares Will Pay Quarterly Dividend of $0.21

Steven Madden, Ltd. (NASDAQ:SHOO) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, December 11th will be paid a dividend of $0.21 per share by the textile maker on Thursday, December 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Friday, December 11th.

Steven Madden has raised its dividend payment by an average of 0.4% annually over the last three years. Steven Madden has a payout ratio of 42.2% meaning its dividend is sufficiently covered by earnings. Equities research 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 Trading Down 17.0%

Shares of SHOO traded down $7.99 during mid-day trading on Thursday, hitting $38.99. 5,236,973 shares of the company’s stock traded hands, compared to its average volume of 1,222,337. The company has a quick ratio of 1.13, a current ratio of 1.91 and a debt-to-equity ratio of 0.13. Steven Madden has a 1 year low of $31.33 and a 1 year high of $49.70. The firm has a market capitalization of $2.85 billion, a P/E ratio of 19.59 and a beta of 1.14. The business’s 50-day moving average price is $43.92 and its 200-day moving average price is $41.44.

Steven Madden (NASDAQ:SHOO) last announced its quarterly earnings results on Thursday, November 5th. The textile maker reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.06. Steven Madden had a return on equity of 13.85% and a net margin of 5.23%. The company had revenue of $772.61 million during the quarter, compared to analyst estimates of $774.35 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue was up 15.0% on a year-over-year basis. As a group, sell-side analysts forecast that Steven Madden will post 2.15 EPS for the current fiscal year.

About Steven Madden

Steven Madden, Ltd. is a fashion company that designs, sources, markets and sells footwear, handbags, accessories and apparel. Its products are offered under the Steve Madden brand and a portfolio of owned, licensed and distributed brands, including Dolce Vita, Betsey Johnson, Blondo, Mad Love and Greats.

The company sells its products through wholesale channels, including department stores, specialty retailers and online retailers, as well as through its own retail stores and e-commerce websites.