Big Lots (BSIG) Announces $0.09 Quarterly Dividend

Big Lots (NYSE:BSIG) announced a quarterly dividend on Wednesday, January 31st, Zacks reports. Investors of record on Friday, March 16th will be given a dividend of 0.09 per share on Friday, March 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, March 15th.

Shares of Big Lots stock traded down $0.18 during trading hours on Thursday, reaching $15.35. 392,397 shares of the company’s stock were exchanged, compared to its average volume of 755,634. Big Lots has a 52-week low of $13.20 and a 52-week high of $18.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.85 and a quick ratio of 0.85.

Big Lots (NYSE:BSIG) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Big Lots had a return on equity of 129.15% and a net margin of 0.47%. The company had revenue of $252.30 million for the quarter, compared to analyst estimates of $240.25 million. During the same quarter in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 32.9% compared to the same quarter last year. equities analysts expect that Big Lots will post 1.94 EPS for the current year.

A number of research analysts have weighed in on the company. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Friday, March 30th. Sandler O’Neill set a $19.00 price target on Big Lots and gave the stock a “hold” rating in a research note on Thursday, January 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $22.00 price target on shares of Big Lots in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada set a $20.00 price target on Big Lots and gave the stock a “buy” rating in a research note on Saturday, December 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.14.

In related news, EVP Aidan J. Riordan sold 45,336 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $15.22, for a total value of $690,013.92. Following the transaction, the executive vice president now directly owns 226,517 shares of the company’s stock, valued at approximately $3,447,588.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen Belgrad sold 5,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $15.87, for a total value of $79,350.00. The disclosure for this sale can be found here. Insiders sold a total of 158,054 shares of company stock worth $2,431,364 over the last ninety days. Corporate insiders own 1.48% of the company’s stock.

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About Big Lots

BrightSphere Investment Group Plc provides investment management services and products primarily to institutional clients. The company offers its services to predominantly institutional investors, in asset classes that include U.S. and other equities, fixed income, real estate and timber. It competes with other acquirers of investment management firms, including investment management holding companies, insurance companies, banks and private equity firms.

Dividend History for Big Lots (NYSE:BSIG)

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