Williams-Sonoma, Inc. (NYSE:WSM) Plans Quarterly Dividend of $0.76

Key Points

• Williams-Sonoma declared a quarterly dividend of $0.76 per share, payable November 20 to shareholders of record on October 16. The dividend implies an annualized payout of $3.04 and a 1.4% yield.
• The company has raised its dividend for 20 consecutive years, with a current payout ratio of 33.6%; analysts expect future earnings to comfortably cover the dividend.
• Williams-Sonoma recently exceeded quarterly earnings and revenue expectations, reporting $2.10 EPS and $1.96 billion in revenue, up 6.7% year over year.

Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) announced a quarterly dividend on Thursday, September 17th. Stockholders of record on Friday, October 16th will be paid a dividend of 0.76 per share by the specialty retailer on Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 16th.

Williams-Sonoma has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 20 years. Williams-Sonoma has a dividend payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Williams-Sonoma to earn $10.49 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 29.0%.

Williams-Sonoma Stock Up 0.3%

Shares of NYSE:WSM traded up $0.59 during midday trading on Thursday, reaching $218.79. The company's stock had a trading volume of 1,057,064 shares, compared to its average volume of 1,148,139. The firm has a 50 day moving average of $232.16 and a 200-day moving average of $209.64. The firm has a market capitalization of $25.77 billion, a P/E ratio of 22.39, a PEG ratio of 2.38 and a beta of 1.47. Williams-Sonoma has a 12-month low of $165.51 and a 12-month high of $254.89.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. Williams-Sonoma had a net margin of 14.73% and a return on equity of 53.48%. The company had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same period last year, the company posted $2.00 EPS. Williams-Sonoma's revenue was up 6.7% on a year-over-year basis. On average, research analysts predict that Williams-Sonoma will post 9.51 EPS for the current year.

About Williams-Sonoma

Williams-Sonoma, Inc is a specialty retailer focused on high-quality home furnishings, housewares and lifestyle products. The company sells furniture, bedding, bath goods, lighting, rugs, window treatments, home décor, kitchen equipment, cookware, tabletop products, outdoor furnishings and related accessories through e-commerce platforms, catalogs and retail stores.

The company operates a portfolio of brands that includes Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Mark & Graham and Rejuvenation.

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