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

Key Points

• Buckle, Inc. announced a quarterly dividend of $0.35 per share, payable on October 29th to investors of record by October 15th, reflecting a yield of 2.4%.
• The company reported earnings per share of $0.89 for the last quarter, surpassing estimates, with a revenue of $305.74 million, marking an 8.3% year-over-year increase.
• Buckle has a dividend payout ratio of 37.3%, indicating that its dividend is well-supported by earnings.

Buckle, Inc. (The) (NYSE:BKE - Get Free Report) declared a quarterly dividend on Monday, September 8th, RTT News reports. Investors of record on Wednesday, October 15th will be given a dividend of 0.35 per share on Wednesday, October 29th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, October 15th.

Buckle has a dividend payout ratio of 37.3% meaning its dividend is sufficiently covered by earnings.

Buckle Price Performance

BKE stock traded down $2.06 on Friday, reaching $59.52. 423,190 shares of the company traded hands, compared to its average volume of 531,997. Buckle has a one year low of $33.12 and a one year high of $61.62. The company has a market cap of $3.04 billion, a P/E ratio of 14.88 and a beta of 1.02. The firm has a fifty day simple moving average of $53.13 and a 200-day simple moving average of $44.20.

Buckle (NYSE:BKE - Get Free Report) last posted its quarterly earnings data on Friday, August 22nd. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.06. Buckle had a return on equity of 43.97% and a net margin of 16.12%.The company had revenue of $305.74 million during the quarter, compared to analyst estimates of $292.61 million. During the same quarter last year, the company earned $0.78 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis.

Buckle Company Profile

The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, Salvage, Red by BKE, Daytrip, Gimmicks, Gilded Intent, FITZ + EDDI, Willow & Root, Outpost Makers, Departwest, Sterling & Stitch, Reclaim, BKE Vintage, Nova Industries, J.B.