Yahoo Finance Ex-Dividend Alert: American Eagle Outfitters Announced its 56th Consecutive Dividend; Will Trade Ex-Dividend on July 12, 2018
LONDON, UK / ACCESSWIRE / July 10, 2018 / Active-Investors has a free review on American Eagle Outfitters, Inc. (NYSE AEO) following the Company's announcement that it will begin trading ex-dividend on July 12, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on July 11, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on AEO:
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Dividend Declared
On June 06, 2018, American Eagle Outfitters announced a quarterly cash dividend of $0.1375 per share, marking the Company's 56th consecutive quarterly dividend. The $0.1375 dividend was declared on June 06, 2018, and is payable on July 27, 2018, to stockholders of record at the close of business on July 13, 2018.
American Eagle Outfitters' indicated dividend represents a yield of 2.27%, which is substantially higher than the average dividend yield of 1.91% for the Services sector.
Dividend Insights
American Eagle Outfitters has a dividend payout ratio of 36.4%, which denotes that the Company spends approximately $0.36 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, American Eagle Outfitters is forecasted to report earnings of 1.60 per share for the next year, which is more than double compared to the Company's annualized dividend payout of $0.55 per share.
As a result of strong free cash flow, American Eagle Outfitters ended first quarter fiscal 2018 with total cash and investments of $310 million compared to $225 million in the year ago corresponding period. During the reported quarter, the Company returned $69 million to shareholders through cash dividends and share repurchases. American Eagle Outfitters repurchased 2.3 million shares for $45 million and paid dividends of $24 million. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About American Eagle Outfitters, Inc.
American Eagle Outfitters is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle Outfitters® and Aerie® brands. The Company operates more than 1,000 stores in the United States, Canada, Mexico, China, and Hong Kong, and ships to 81 countries worldwide through its websites.
Stock Performance Snapshot
July 09, 2018 - At Monday's closing bell, American Eagle Outfitters' stock slightly fell 0.12%, ending the trading session at $24.23.
Volume traded for the day: 3.57 million shares.
Stock performance in the last month - up 0.62%; previous three-month period - up 14.94%; past twelve-month period - up 107.27%; and year-to-date - up 28.88%
After yesterday's close, American Eagle Outfitters' market cap was at $4.23 billion.
Price to Earnings (P/E) ratio was at 21.52.
The stock has a dividend yield of 2.27%.
The stock is part of the Services sector, categorized under the Apparel Stores industry. This sector was up 1.1% at the end of the session.
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