V.F. Co. (NYSE:VFC) Announces $0.09 Quarterly Dividend

V.F. Co. (NYSE:VFC - Get Free Report) declared a quarterly dividend on Thursday, May 23rd, Wall Street Journal reports. Stockholders of record on Monday, June 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, June 20th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Monday, June 10th.

V.F. has decreased its dividend by an average of 20.0% per year over the last three years. V.F. has a dividend payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect V.F. to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 26.7%.

V.F. Stock Down 2.9 %

VFC traded down $0.36 during trading on Thursday, reaching $11.97. The stock had a trading volume of 27,050,980 shares, compared to its average volume of 8,878,402. V.F. has a one year low of $11.00 and a one year high of $21.17. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -6.08, a P/E/G ratio of 1.40 and a beta of 1.49. The company has a current ratio of 1.23, a quick ratio of 0.70 and a debt-to-equity ratio of 2.25. The stock's 50 day moving average is $13.29 and its two-hundred day moving average is $15.65.

V.F. (NYSE:VFC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The textile maker reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.34). V.F. had a positive return on equity of 19.03% and a negative net margin of 7.07%. The business had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.42 billion. During the same quarter last year, the company posted $0.17 EPS. V.F.'s revenue for the quarter was down 13.4% compared to the same quarter last year. As a group, analysts expect that V.F. will post 1.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

VFC has been the subject of several recent analyst reports. Wedbush lowered their price target on V.F. from $15.50 to $13.00 and set a "neutral" rating for the company in a research report on Tuesday. Stifel Nicolaus cut their price target on shares of V.F. from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday. Bank of America decreased their price objective on shares of V.F. from $13.00 to $11.00 and set an "underperform" rating for the company in a report on Thursday. Robert W. Baird cut their target price on V.F. from $16.00 to $13.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, UBS Group decreased their price target on V.F. from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, February 5th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $14.59.

About V.F.

V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.