American Eagle Outfitters, Inc. (NYSE:AEO) Announces Quarterly Dividend of $0.13

Key Points

• Dividend: American Eagle declared a quarterly dividend of $0.125 per share (annualized $0.50), payable April 24 to holders of record on April 10, implying a yield of about 2.9%.
• Quarterly results: The company beat expectations with Q EPS of $0.84 vs. $0.71 expected and revenue of $1.81B vs. $1.74B, with revenue up 12.2% year‑over‑year.
• Dividend coverage: The payout ratio is about 38.2% now, and analysts forecast ~$1.80 EPS next year, which would lower the implied payout ratio to roughly 27.8%.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) announced a quarterly dividend on Monday, March 2nd. Investors of record on Friday, April 10th will be given a dividend of 0.125 per share by the apparel retailer on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, April 10th.

American Eagle Outfitters has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. American Eagle Outfitters has a payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Eagle Outfitters to earn $1.80 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 27.8%.

American Eagle Outfitters Trading Down 0.7%

AEO stock opened at $17.36 on Wednesday. The stock has a 50-day moving average price of $20.80 and a two-hundred day moving average price of $20.90. The stock has a market cap of $2.89 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.19 and a beta of 1.50. American Eagle Outfitters has a 1 year low of $9.27 and a 1 year high of $28.46.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, March 4th. The apparel retailer reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.13. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.74 billion. American Eagle Outfitters had a return on equity of 16.76% and a net margin of 3.49%.The company's revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. On average, analysts forecast that American Eagle Outfitters will post 1.7 earnings per share for the current fiscal year.

About American Eagle Outfitters

American Eagle Outfitters, Inc NYSE: AEO is a leading American specialty retailer offering apparel, accessories and personal care products for men and women. The company's flagship brand, American Eagle, focuses on casualwear including denim, tops, outerwear and accessories targeted primarily at teens and young adults. In addition to its core apparel lines, the company operates the Aerie brand of intimates, loungewear and swimwear, which has gained recognition for its body-positive marketing and inclusive sizing.

American Eagle Outfitters conducts business through a combination of over 900 brick-and-mortar stores in North America and Greater China, complemented by a growing e-commerce platform that serves customers around the globe.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.