Oxford Industries, Inc. (NYSE:OXM – Get Free Report) announced a quarterly dividend on Wednesday, June 10th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.70 per share by the textile maker on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, July 17th.
Oxford Industries has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Oxford Industries has a payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Oxford Industries to earn $3.08 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 90.9%.
Oxford Industries Trading Up 2.8%
NYSE:OXM opened at $37.23 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. Oxford Industries has a 12-month low of $30.57 and a 12-month high of $51.61. The firm has a market cap of $555.92 million, a P/E ratio of -14.10 and a beta of 1.06. The stock’s 50 day simple moving average is $39.69 and its 200-day simple moving average is $39.14.
About Oxford Industries
Oxford Industries, Inc, incorporated in 1942 and headquartered in Atlanta, Georgia, is a leading designer, marketer and distributor of high-quality men’s and women’s lifestyle apparel and accessories. The company’s product portfolio features a mix of owned brands and licensed partnerships that span casual, resort and performance categories. Key owned brands include Tommy Bahama, renowned for its island-inspired menswear and women’s sportswear, and Southern Tide, which offers coastal-focused clothing and footwear.
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