Williams-Sonoma, Inc. (WSM) To Go Ex-Dividend on October 16th

Williams-Sonoma, Inc. (NYSE:WSM) announced a quarterly dividend on Thursday, September 17th. Investors of record on Friday, October 16th will be paid a dividend of 0.76 per share by the specialty retailer on Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 16th.

Williams-Sonoma has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 20 consecutive years. Williams-Sonoma has a payout ratio of 33.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Williams-Sonoma to earn $10.49 per share next year, which means the company should continue to be able to cover its $3.04 annual dividend with an expected future payout ratio of 29.0%.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $224.08 on Friday. The stock has a market cap of $26.39 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.37 and a beta of 1.47. The company has a 50 day moving average of $232.18 and a 200-day moving average of $209.84. Williams-Sonoma has a one year low of $165.51 and a one year high of $254.89.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company earned $2.00 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Williams-Sonoma will post 9.51 earnings per share for the current year.

About Williams-Sonoma

Williams-Sonoma, Inc is a specialty retailer focused on high-quality home furnishings, housewares and lifestyle products. The company sells furniture, bedding, bath goods, lighting, rugs, window treatments, home décor, kitchen equipment, cookware, tabletop products, outdoor furnishings and related accessories through e-commerce platforms, catalogs and retail stores.

The company operates a portfolio of brands that includes Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Mark & Graham and Rejuvenation.