Buckle, Inc. (The) to Issue Quarterly Dividend of $0.35 (NYSE:BKE)

Buckle, Inc. (The) (NYSE:BKE) announced a quarterly dividend on Monday, September 14th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.35 per share on Thursday, October 29th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, October 15th.

Buckle has increased its dividend by an average of 0.1%per year over the last three years. Buckle has a payout ratio of 37.3% indicating that its dividend is sufficiently covered by earnings.

Buckle Stock Performance

NYSE BKE traded down $0.63 on Tuesday, reaching $39.64. The stock had a trading volume of 633,447 shares, compared to its average volume of 478,309. The stock has a market cap of $2.04 billion, a P/E ratio of 9.13 and a beta of 1.11. Buckle has a 12-month low of $39.44 and a 12-month high of $61.50. The business’s 50-day moving average price is $43.36 and its 200 day moving average price is $47.27.

Buckle (NYSE:BKE) last announced its earnings results on Friday, August 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.06. Buckle had a net margin of 16.62% and a return on equity of 46.91%. The business had revenue of $319.82 million for the quarter, compared to analysts’ expectations of $319.80 million. During the same period in the previous year, the company posted $0.89 EPS. The company’s quarterly revenue was up 4.6% on a year-over-year basis.

About Buckle

Buckle, Inc is a specialty retailer of casual apparel, footwear and accessories for young men and women. Its merchandise includes denim, tops, bottoms, dresses, outerwear, shoes, jewelry and other fashion accessories, combining national brands with merchandise sold under the company’s private-label brands.

The company sells its products through a network of retail stores across the United States and through its e-commerce platform. Buckle stores typically emphasize personalized customer service and offer services such as complimentary alterations.