American Eagle Outfitters (NYSE:AEO) announced a quarterly dividend on Thursday, December 6th, RTT News reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.1375 per share by the apparel retailer on Friday, December 28th. This represents a $0.55 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, December 13th.
American Eagle Outfitters has a payout ratio of 36.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect American Eagle Outfitters to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 33.7%.
NYSE AEO opened at $18.96 on Friday. American Eagle Outfitters has a 52 week low of $16.14 and a 52 week high of $29.88. The stock has a market cap of $3.51 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.38 and a beta of 0.78.
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About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
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