Bath & Body Works, Inc. to Issue Quarterly Dividend of $0.20 (NYSE:BBWI)

Key Points

• Bath & Body Works, Inc. has declared a quarterly dividend of $0.20 per share, set to be paid on September 5th to shareholders of record on August 22nd, which reflects an annual yield of 2.8%.
• The company reported earnings of $0.49 per share for the last quarter, exceeding analyst expectations and demonstrating a revenue increase of 2.9% year over year.
• Bath & Body Works has a market capitalization of $6.11 billion and is currently trading near a price of $28.88 per share, with a price-to-earnings ratio of 7.74.

Bath & Body Works, Inc. (NYSE:BBWI - Get Free Report) announced a quarterly dividend on Friday, August 8th, RTT News reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.20 per share on Friday, September 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%.

Bath & Body Works has a payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Bath & Body Works to earn $3.70 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 21.6%.

Bath & Body Works Stock Down 2.9%

Shares of NYSE BBWI traded down $0.84 during trading on Friday, reaching $28.45. The company had a trading volume of 3,295,141 shares, compared to its average volume of 4,665,808. Bath & Body Works has a 12-month low of $24.94 and a 12-month high of $41.87. The stock has a market cap of $6.02 billion, a PE ratio of 7.59, a P/E/G ratio of 0.95 and a beta of 1.54. The business's 50-day moving average is $29.74 and its 200 day moving average is $31.56.

Bath & Body Works (NYSE:BBWI - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Bath & Body Works had a negative return on equity of 47.44% and a net margin of 11.10%. The business had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period last year, the firm posted $0.38 earnings per share. The business's revenue for the quarter was up 2.9% on a year-over-year basis. On average, analysts anticipate that Bath & Body Works will post 3.3 earnings per share for the current year.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America's Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.