American Eagle Outfitters, Inc. (NYSE:AEO) Plans $0.12 Quarterly Dividend

Key Points

• American Eagle Outfitters declared a quarterly dividend of $0.125 per share, payable October 28 to shareholders of record October 9. The annualized dividend is $0.50 per share, representing a 3.4% yield.
• The dividend appears well covered, with a 38.2% payout ratio; analysts expect next year’s earnings of $1.90 per share, implying an estimated future payout ratio of 26.3%.
• Recent quarterly results exceeded expectations: earnings were $0.79 per share versus the $0.22 consensus estimate, while revenue rose 7.5% year over year to $1.38 billion.

American Eagle Outfitters, Inc. (NYSE:AEO - Get Free Report) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Friday, October 9th will be paid a dividend of 0.125 per share by the apparel retailer on Wednesday, October 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, October 9th.

American Eagle Outfitters has increased its dividend payment by an average of 0.1%per year over the last three years and has raised 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. Equities analysts expect American Eagle Outfitters to earn $1.90 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 26.3%.

American Eagle Outfitters Stock Performance

Shares of NYSE AEO opened at $14.80 on Wednesday. The stock has a market cap of $2.48 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 4.21 and a beta of 1.33. American Eagle Outfitters has a 1 year low of $14.06 and a 1 year high of $28.46. The firm has a fifty day moving average price of $16.89 and a 200-day moving average price of $17.37. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.59 and a quick ratio of 0.62.

American Eagle Outfitters (NYSE:AEO - Get Free Report) last released its earnings results on Wednesday, September 9th. The apparel retailer reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.57. American Eagle Outfitters had a net margin of 5.91% and a return on equity of 23.63%. The company had revenue of $1.38 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the company earned $0.45 EPS. American Eagle Outfitters's revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts anticipate that American Eagle Outfitters will post 2.09 earnings per share for the current fiscal year.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc NYSE: AEO is a specialty retailer offering casual apparel, accessories and footwear for young women and men. Its product assortment includes jeans, tops, dresses, intimates, loungewear and activewear, with merchandise sold through company-operated stores and digital channels.

The company's principal brands include American Eagle, which focuses on casual lifestyle clothing and denim, and Aerie, which offers intimates, activewear and loungewear. Its brand portfolio has also included OFFLINE by Aerie, a performance and wellness-oriented line, and Todd Snyder, a menswear brand known for elevated casual clothing and tailoring.

Founded in 1977, American Eagle Outfitters is headquartered in Pittsburgh, Pennsylvania.

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