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

V.F. Corporation (NYSE:VFC) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Wednesday, June 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 10th.

V.F. has decreased its dividend by an average of 0.5%annually over the last three years. V.F. has a dividend payout ratio of 33.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect V.F. to earn $1.14 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 31.6%.

V.F. Stock Performance

Shares of NYSE VFC traded down $0.58 during midday trading on Wednesday, reaching $16.16. 22,550,683 shares of the stock were exchanged, compared to its average volume of 7,049,539. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 0.84 and a beta of 1.62. V.F. has a twelve month low of $11.06 and a twelve month high of $22.27. The firm has a 50-day simple moving average of $17.88 and a two-hundred day simple moving average of $18.19. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 1.99.

Analysts Set New Price Targets

A number of brokerages have recently commented on VFC. Zacks Research raised shares of V.F. from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. BTIG Research raised shares of V.F. from a “neutral” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, May 6th. Seaport Research Partners raised shares of V.F. from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, April 14th. Wall Street Zen raised shares of V.F. from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Finally, Citigroup dropped their price target on shares of V.F. from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.69.

V.F. Company Profile

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.