Signet Jewelers Limited (SIG) to Issue Quarterly Dividend of $0.35 on August 21st

Signet Jewelers Limited (NYSE:SIG) declared a quarterly dividend on Monday, June 1st. Shareholders of record on Friday, July 24th will be paid a dividend of 0.35 per share on Friday, August 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, July 24th.

Signet Jewelers has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Signet Jewelers to earn $11.44 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 12.2%.

Signet Jewelers Stock Performance

NYSE:SIG opened at $90.39 on Wednesday. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 0.95 and a beta of 1.15. Signet Jewelers has a one year low of $71.61 and a one year high of $110.20. The business’s 50-day simple moving average is $84.79 and its 200 day simple moving average is $88.42.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same quarter last year, the firm earned $1.18 EPS. Signet Jewelers’s quarterly revenue was up .8% on a year-over-year basis. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. On average, equities research analysts predict that Signet Jewelers will post 10.57 EPS for the current year.

Signet Jewelers Company Profile

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.