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

Caleres, Inc. (NYSE:CAL) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Thursday, June 11th will be given a dividend of 0.07 per share by the textile maker on Friday, June 26th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, June 11th.

Caleres has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Caleres to earn $2.11 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 13.3%.

Caleres Price Performance

Caleres stock opened at $14.72 on Friday. The stock’s 50 day moving average price is $12.25 and its 200 day moving average price is $12.23. Caleres has a 1-year low of $8.80 and a 1-year high of $16.14. The company has a market cap of $496.65 million, a PE ratio of -66.91 and a beta of 0.71.

Caleres (NYSE:CAL) last released its earnings results on Thursday, March 19th. The textile maker reported ($0.36) EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.04. Caleres had a positive return on equity of 6.49% and a negative net margin of 0.24%.The company had revenue of $695.06 million during the quarter, compared to the consensus estimate of $688.43 million. During the same quarter last year, the company earned $0.33 earnings per share. Caleres’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that Caleres will post 1.57 EPS for the current fiscal year.

Caleres Company Profile

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.