V.F. Corporation (VFC) To Go Ex-Dividend on June 10th

V.F. Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Wednesday, June 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 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% meaning its dividend is sufficiently covered by earnings. Research analysts expect V.F. to earn $1.38 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 26.1%.

V.F. Price Performance

VFC stock opened at $16.59 on Monday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.21 and a current ratio of 1.84. V.F. has a 52 week low of $11.06 and a 52 week high of $22.27. The firm’s fifty day moving average is $17.93 and its 200 day moving average is $18.39. The firm has a market cap of $6.50 billion, a P/E ratio of 25.92, a P/E/G ratio of 1.34 and a beta of 1.57.

V.F. (NYSE:VFC) last released its earnings results on Wednesday, May 20th. The textile maker reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.28). The business had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.13 billion. V.F. had a net margin of 2.65% and a return on equity of 21.05%. V.F.’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) EPS. Research analysts predict that V.F. will post 1.1 earnings per share 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.