Ermenegildo Zegna N.V. (NYSE:ZGN) to Issue Annual Dividend of $0.12

Ermenegildo Zegna N.V. (NYSE:ZGN) declared an annual dividend on Thursday, April 30th. Investors of record on Monday, July 6th will be paid a dividend of 0.12 per share on Wednesday, July 29th. This represents a yield of 99.0%. The ex-dividend date is Monday, July 6th.

Ermenegildo Zegna has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ermenegildo Zegna to earn $0.60 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 20.0%.

Ermenegildo Zegna Stock Performance

NYSE ZGN traded up $0.30 during trading hours on Friday, hitting $12.42. 817,408 shares of the company traded hands, compared to its average volume of 747,067. The business’s 50-day moving average is $10.91 and its 200-day moving average is $10.48. Ermenegildo Zegna has a twelve month low of $7.61 and a twelve month high of $12.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 1.59.

Ermenegildo Zegna (NYSE:ZGN) last issued its quarterly earnings results on Friday, March 20th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.11). The company had revenue of $577.83 million during the quarter, compared to analysts’ expectations of $1.17 billion. On average, sell-side analysts forecast that Ermenegildo Zegna will post 0.46 EPS for the current year.

Institutional Trading of Ermenegildo Zegna

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC acquired a new stake in Ermenegildo Zegna during the 3rd quarter worth approximately $25,000. California State Teachers Retirement System acquired a new stake in Ermenegildo Zegna during the 2nd quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd lifted its holdings in Ermenegildo Zegna by 11,382.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,904 shares of the company’s stock worth $40,000 after purchasing an additional 3,870 shares during the last quarter. Lazard Asset Management LLC bought a new position in Ermenegildo Zegna during the 2nd quarter worth $54,000. Finally, Parallel Advisors LLC bought a new position in Ermenegildo Zegna during the 4th quarter worth $69,000. 12.91% of the stock is owned by institutional investors and hedge funds.

About Ermenegildo Zegna

Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.