Hugo Boss AG (OTCMKTS:BOSSY) Raises Dividend to $0.21 Per Share

Hugo Boss AG (OTCMKTS:BOSSY) declared a dividend on Friday, May 16th, investing.com reports. Shareholders of record on Tuesday, May 20th will be given a dividend of 0.2129 per share on Wednesday, May 28th. This represents a yield of 2.33%. The ex-dividend date of this dividend is Monday, May 19th. This is a 10.7% increase from Hugo Boss’s previous dividend of $0.19.

Hugo Boss Price Performance

OTCMKTS BOSSY opened at $9.15 on Friday. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 13.66 and a beta of 0.77. The company has a 50 day simple moving average of $8.07 and a 200-day simple moving average of $8.62. Hugo Boss has a 52-week low of $6.59 and a 52-week high of $11.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.61 and a quick ratio of 0.60.

Hugo Boss (OTCMKTS:BOSSY) last posted its earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.01 billion. Hugo Boss had a net margin of 5.08% and a return on equity of 16.17%. Equities research analysts predict that Hugo Boss will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, UBS Group cut Hugo Boss from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 14th.

About Hugo Boss

Hugo Boss AG, together with its subsidiaries, provides apparels, shoes, and accessories for men and women worldwide. It also offers licensed products comprising of fragrances, eyewear, watches, children’s fashion, equestrian, and cycling. The company markets and sells its products under the BOSS and HUGO brand names through freestanding stores, shop-in-shops, factory outlets, multi-brand stores, and franchise business, as well as online retailers, distribution, and stores.