Steven Madden, Ltd. (NASDAQ:SHOO) Announces Quarterly Dividend of $0.21

Key Points

• Quarterly dividend of $0.21 announced, payable June 19 to shareholders of record June 8 (ex-dividend date June 8), representing a 2.1% annualized yield.
• EPS beat and strong guidance: the company reported $0.45 EPS vs. $0.42 expected, revenue rose 18% YoY, and management set FY2026 guidance of $2.00–$2.10, with a current payout ratio (~42%) forecast to decline to ~34% next year, suggesting dividend coverage.
• Stock reaction and valuation: shares jumped about 6.2% to $40.02 intraday; the company has a market cap of $2.92 billion and a trailing P/E around 64.6.

Steven Madden, Ltd. (NASDAQ:SHOO - Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 8th will be paid a dividend of 0.21 per share by the textile maker on Friday, June 19th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, June 8th.

Steven Madden has raised its dividend by an average of 0.4%per year over the last three years. Steven Madden has a dividend payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Steven Madden to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 34.4%.

Steven Madden Trading Up 6.2%

SHOO stock traded up $2.33 during midday trading on Wednesday, hitting $40.02. The company had a trading volume of 2,355,412 shares, compared to its average volume of 1,384,687. The company has a current ratio of 1.90, a quick ratio of 1.11 and a debt-to-equity ratio of 0.26. Steven Madden has a 52 week low of $20.98 and a 52 week high of $46.88. The stock's 50 day moving average price is $35.66 and its 200 day moving average price is $38.93. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 64.55 and a beta of 1.12.

Steven Madden (NASDAQ:SHOO - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.03. Steven Madden had a return on equity of 13.60% and a net margin of 1.76%.During the same period in the prior year, the company earned $0.60 earnings per share. The firm's quarterly revenue was up 18.0% on a year-over-year basis. Steven Madden has set its FY 2026 guidance at 2.000-2.100 EPS. As a group, equities research analysts expect that Steven Madden will post 2.09 earnings per share for the current fiscal year.

Insider Activity at Steven Madden

In related news, Director Arian Simone Reed sold 3,600 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $33.44, for a total transaction of $120,384.00. Following the completion of the transaction, the director owned 8,705 shares in the company, valued at $291,095.20. This represents a 29.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Steven Madden

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CX Institutional grew its stake in Steven Madden by 912.7% in the third quarter. CX Institutional now owns 324,218 shares of the textile maker's stock worth $10,855,000 after purchasing an additional 292,204 shares during the period. Strs Ohio grew its stake in Steven Madden by 993.2% in the third quarter. Strs Ohio now owns 129,000 shares of the textile maker's stock worth $4,319,000 after purchasing an additional 117,200 shares during the period. Vanguard Group Inc. grew its stake in Steven Madden by 2.5% in the third quarter. Vanguard Group Inc. now owns 8,283,806 shares of the textile maker's stock worth $277,342,000 after purchasing an additional 200,013 shares during the period. SummerHaven Investment Management LLC purchased a new stake in Steven Madden in the third quarter worth $1,088,000. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in Steven Madden in the fourth quarter worth $3,348,000. Institutional investors own 99.88% of the company's stock.

About Steven Madden

Steven Madden, Inc NASDAQ: SHOO is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company's product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.

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