VF Corporation Announces Quarterly Dividend of $0.09 (NYSE:VFC)

VF Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, January 29th, RTT News reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, March 20th. This represents a $0.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, March 10th.

VF has decreased its dividend payment by an average of 43.3% per year over the last three years. VF has a dividend payout ratio of 24.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VF to earn $1.07 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 33.6%.

VF Price Performance

Shares of VFC stock opened at $19.13 on Friday. VF has a 1 year low of $11.00 and a 1 year high of $29.02. The firm’s 50 day moving average is $24.02 and its 200-day moving average is $21.17. The firm has a market capitalization of $7.45 billion, a price-to-earnings ratio of -16.07, a PEG ratio of 6.77 and a beta of 1.46. The company has a current ratio of 1.56, a quick ratio of 1.00 and a debt-to-equity ratio of 2.31.

VF (NYSE:VFC) last announced its earnings results on Wednesday, January 29th. The textile maker reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a negative net margin of 4.63% and a positive return on equity of 14.86%. During the same quarter last year, the business earned $0.57 EPS. Sell-side analysts forecast that VF will post 0.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on VFC shares. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, December 17th. BMO Capital Markets upped their target price on shares of VF from $14.00 to $25.00 and gave the company a “market perform” rating in a research note on Thursday, January 30th. Barclays upped their target price on shares of VF from $29.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Telsey Advisory Group reissued a “market perform” rating and set a $27.00 price objective on shares of VF in a research report on Friday. Finally, Robert W. Baird increased their price objective on shares of VF from $23.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, VF presently has an average rating of “Hold” and an average price target of $22.90.

About VF

VF Corp. engages in the business of producing and marketing apparel, footwear, and accessories. It operates through the following segments: Outdoor, Active, Work, and Other. The Outdoor segment includes authentic outdoor-based lifestyle brands such as performance-based and outdoor apparel, footwear, and equipment.