V.F. Corporation (NYSE:VFC) Declares Quarterly Dividend of $0.09

Key Points

• V.F. Corporation has declared a quarterly dividend of $0.09 per share, corresponding to an annualized dividend of $0.36 and a yield of 2.89%.
• The company reported a loss of ($0.24) earnings per share for the last quarter, exceeding analysts' estimates of ($0.33).
• V.F. has a current market cap of $4.85 billion and is rated as a "Hold" by most analysts, with a consensus target price of $16.21.

V.F. Corporation (NYSE:VFC - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Wednesday, September 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, September 18th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date is Wednesday, September 10th.

V.F. has a payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Analysts expect V.F. to earn $1.07 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 33.6%.

V.F. Trading Down 0.5%

Shares of V.F. stock traded down $0.06 during midday trading on Friday, reaching $11.66. 13,586,900 shares of the company's stock traded hands, compared to its average volume of 9,619,283. The company has a debt-to-equity ratio of 2.76, a quick ratio of 0.65 and a current ratio of 1.27. The company has a market cap of $4.55 billion, a PE ratio of -89.69, a price-to-earnings-growth ratio of 1.55 and a beta of 1.68. The stock has a 50 day moving average of $12.35 and a 200-day moving average of $15.93. V.F. has a 12 month low of $9.41 and a 12 month high of $29.02.

V.F. (NYSE:VFC - Get Free Report) last announced its earnings results on Wednesday, July 30th. The textile maker reported ($0.24) EPS for the quarter, beating analysts' consensus estimates of ($0.35) by $0.11. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.70 billion. V.F. had a positive return on equity of 22.77% and a negative net margin of 0.50%. The firm's revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.33) earnings per share. As a group, equities analysts expect that V.F. will post 0.73 EPS for the current fiscal year.

About V.F.

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.