Buckle, Inc. (The) (NYSE:BKE) announced a quarterly dividend on Tuesday, September 19th, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.25 per share on Friday, October 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Thursday, October 12th.

Buckle, Inc. (The) has raised its dividend payment by an average of 18.6% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Buckle, Inc. (The) has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Buckle, Inc. (The) to earn $1.22 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 82.0%.

Shares of Buckle, Inc. (NYSE BKE) opened at 17.15 on Friday. The company’s 50 day moving average is $15.42 and its 200-day moving average is $16.92. The stock has a market capitalization of $826.94 million, a PE ratio of 9.53 and a beta of 0.92. Buckle, Inc. has a 52 week low of $13.50 and a 52 week high of $27.10.

Buckle, Inc. (The) (NYSE:BKE) last posted its quarterly earnings data on Thursday, August 17th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The company had revenue of $195.65 million for the quarter, compared to the consensus estimate of $195.97 million. Buckle, Inc. (The) had a net margin of 9.40% and a return on equity of 19.96%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 earnings per share. On average, equities analysts predict that Buckle, Inc. will post $1.62 earnings per share for the current year.

Several brokerages have weighed in on BKE. Deutsche Bank AG lowered their price target on shares of Buckle, Inc. (The) from $15.00 to $13.00 and set a “sell” rating on the stock in a report on Friday, August 18th. ValuEngine downgraded shares of Buckle, Inc. (The) from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of Buckle, Inc. (The) from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of Buckle, Inc. (The) from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th.

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Buckle, Inc. (The) Company Profile

The Buckle, Inc is a retailer of casual apparel, footwear and accessories for young men and women. As of January 28, 2017, the Company operated 467 retail stores in 44 states throughout the United States under the names Buckle and The Buckle. The Company markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories and footwear.

Dividend History for Buckle, Inc. (The) (NYSE:BKE)

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