Williams-Sonoma, Inc. (NYSE:WSM) Plans Quarterly Dividend of $0.76

Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend on Thursday, June 11th. Shareholders of record on Friday, July 17th will be given a dividend of 0.76 per share by the specialty retailer on Friday, August 21st. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 17th.

Williams-Sonoma has increased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 20 years. Williams-Sonoma has a payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Williams-Sonoma to earn $10.18 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 25.9%.

Williams-Sonoma Price Performance

NYSE WSM traded up $11.68 on Thursday, hitting $218.62. 1,074,599 shares of the stock were exchanged, compared to its average volume of 1,169,667. Williams-Sonoma has a 52-week low of $152.20 and a 52-week high of $222.00. The company has a market capitalization of $25.74 billion, a price-to-earnings ratio of 24.48, a P/E/G ratio of 2.52 and a beta of 1.51. The company’s 50-day moving average price is $190.21 and its two-hundred day moving average price is $193.22.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.13. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the company posted $1.85 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Williams-Sonoma will post 9.34 EPS for the current fiscal year.

Williams-Sonoma Company Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.