Caleres, Inc. Announces Quarterly Dividend of $0.07 (NYSE:CAL)

Caleres, Inc. (NYSE:CAL) announced a quarterly dividend on Monday, March 16th. Shareholders of record on Thursday, March 26th will be given a dividend of 0.07 per share by the textile maker on Friday, April 10th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, March 26th.

Caleres has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Caleres to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 7.5%.

Caleres Price Performance

NYSE CAL traded up $0.02 during mid-day trading on Monday, hitting $9.31. The stock had a trading volume of 698,569 shares, compared to its average volume of 596,551. The firm’s 50 day moving average is $12.31 and its 200 day moving average is $12.71. The stock has a market capitalization of $315.61 million, a price-to-earnings ratio of 14.78 and a beta of 0.64. Caleres has a twelve month low of $9.09 and a twelve month high of $18.27.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.