Buckle, Inc. (The) (NYSE:BKE) to Issue $0.35 Quarterly Dividend

Buckle, Inc. (The) (NYSE:BKE) declared a quarterly dividend on Monday, September 14th. Stockholders of record on Thursday, October 15th will be paid a dividend of 0.35 per share on Thursday, October 29th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Thursday, October 15th.

Buckle has raised its dividend payment by an average of 0.1%annually over the last three years. Buckle has a dividend payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings.

Buckle Stock Down 1.6%

Shares of NYSE BKE traded down $0.63 during mid-day trading on Tuesday, reaching $39.64. 633,447 shares of the company were exchanged, compared to its average volume of 478,309. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 9.13 and a beta of 1.11. Buckle has a 1 year low of $39.44 and a 1 year high of $61.50. The firm has a 50-day moving average of $43.36 and a 200 day moving average of $47.27.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 21st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.06. The firm had revenue of $319.82 million for the quarter, compared to the consensus estimate of $319.80 million. Buckle had a return on equity of 46.91% and a net margin of 16.62%.The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.89 EPS.

About Buckle

Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for young men and women. Its merchandise includes denim, tops, bottoms, dresses, outerwear, shoes, jewelry and other fashion accessories, combining national brands with merchandise sold under the company’s private-label brands.

The company sells its products through a network of retail stores across the United States and through its e-commerce platform. Buckle stores typically emphasize personalized customer service and offer services such as complimentary alterations.