V.F. Corporation (NYSE:VFC) Announces Quarterly Dividend of $0.09

V.F. Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, July 29th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, September 17th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 10th.

V.F. has decreased its dividend by an average of 0.3%annually over the last three years. V.F. has a payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect V.F. to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 26.3%.

V.F. Price Performance

NYSE VFC traded down $3.20 during trading on Wednesday, hitting $15.05. 27,819,193 shares of the company’s stock were exchanged, compared to its average volume of 7,245,357. The company has a market cap of $5.90 billion, a PE ratio of 23.51, a P/E/G ratio of 1.20 and a beta of 1.56. The company has a current ratio of 1.84, a quick ratio of 1.21 and a debt-to-equity ratio of 1.90. V.F. has a fifty-two week low of $11.10 and a fifty-two week high of $22.27. The stock’s 50 day moving average price is $16.91 and its two-hundred day moving average price is $18.11.

V.F. (NYSE:VFC) last posted its quarterly earnings results on Wednesday, July 29th. The textile maker reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.64 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.24) earnings per share. Research analysts expect that V.F. will post 1.09 EPS for the current year.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.