PVH Corp. Plans Quarterly Dividend of $0.04 (NYSE:PVH)

Key Points

• PVH Corp. announced a quarterly dividend of $0.0375 per share, with a yield of 0.2%, payable to shareholders on September 24th.
• The company reported earnings of $2.30 per share for the last quarter, exceeding analysts' estimates, and achieved revenues of $1.98 billion, reflecting a year-over-year increase.
• PVH has a low payout ratio of 1.1% and analysts forecast earnings per share of $12.09 for the next year, indicating strong earnings potential to support future dividends.

PVH Corp. (NYSE:PVH - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Wednesday, September 3rd will be given a dividend of 0.0375 per share by the textile maker on Wednesday, September 24th. This represents a c) dividend on an annualized basis and a yield of 0.2%.

PVH has a payout ratio of 1.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect PVH to earn $12.09 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 1.2%.

PVH Price Performance

Shares of NYSE PVH traded up $0.25 during midday trading on Wednesday, hitting $74.65. The company had a trading volume of 727,893 shares, compared to its average volume of 1,441,717. PVH has a twelve month low of $59.28 and a twelve month high of $113.47. The company has a quick ratio of 0.53, a current ratio of 1.11 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.53 and a beta of 1.84. The business has a 50-day simple moving average of $71.72 and a two-hundred day simple moving average of $74.12.

PVH (NYSE:PVH - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The textile maker reported $2.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.06. The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.93 billion. PVH had a return on equity of 12.66% and a net margin of 4.63%. The business's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $2.45 earnings per share. Equities research analysts anticipate that PVH will post 11.67 earnings per share for the current year.

About PVH

PVH Corp. operates as an apparel company in the United States and internationally. The company operates through Tommy Hilfiger North America, Tommy Hilfiger International, Calvin Klein North America, Calvin Klein International, and Heritage Brands Wholesale segments. It designs and markets men's, women's, and children's branded apparel, footwear and accessories, underwear, sleepwear, outerwear, home furnishings, luggage, dresses, suits and swimwear, activewear, sportswear, socks and accessories, outerwear, golf products, footwear, watches and jewelry, eyeglasses and non-ophthalmic sunglasses, jeans wear, performance apparel, intimate apparel, dress shirts, handbags, fragrance, small leather goods, and other related products; and men's and boy's tailored clothing products, duvets, pillows, mattress pads and toppers, and feather beds.

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