Steven Madden, Ltd. (NASDAQ:SHOO) Plans $0.21 Quarterly Dividend

Steven Madden, Ltd. (NASDAQ:SHOO) declared a quarterly dividend on Wednesday, February 25th. Stockholders of record on Wednesday, March 11th will be paid a dividend of 0.21 per share by the textile maker on Friday, March 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, March 11th.

Steven Madden has raised its dividend payment by an average of 0.1%per year over the last three years. Steven Madden has a payout ratio of 42.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Steven Madden to earn $2.81 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 29.9%.

Steven Madden Stock Up 3.6%

Steven Madden stock opened at $37.11 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.91 and a quick ratio of 1.08. The company’s 50-day moving average is $42.07 and its 200-day moving average is $37.32. The firm has a market capitalization of $2.70 billion, a PE ratio of 46.73 and a beta of 1.11. Steven Madden has a fifty-two week low of $19.05 and a fifty-two week high of $46.88.

Steven Madden (NASDAQ:SHOO) last posted its quarterly earnings results on Wednesday, February 25th. The textile maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $753.70 million during the quarter, compared to analysts’ expectations of $758.53 million. Steven Madden had a return on equity of 14.28% and a net margin of 2.38%.Steven Madden’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the company posted $0.55 earnings per share. Sell-side analysts anticipate that Steven Madden will post 2.66 earnings per share for the current year.

About Steven Madden

Steven Madden, Inc (NASDAQ: SHOO) is a New York–based designer and marketer of fashion footwear, handbags and accessories. The company’s product portfolio spans a range of contemporary and lifestyle brands for women, men and children, including its core Steve Madden label as well as the Madden Girl and Dolce Vita brands. In addition to footwear, the company licenses its trademarks for use on apparel, eyewear and other fashion accessories.

Steven Madden distributes its products through multiple channels, including wholesale partners, e-commerce platforms and its own brick-and-mortar retail stores.