Ex-Dividend Alert: Tailored Brands Has a Dividend Yield of 2.09%; Will Trade Ex-Dividend on June 18, 2018

LONDON, UK / ACCESSWIRE / June 15, 2018 / Active-Investors has a free review on Tailored Brands, Inc. (NYSE: TLRD) following the Company's announcement that it will begin trading ex-dividend on June 18, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on June 15, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on TLRD:

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Dividend Declared

On April 02, 2018, Tailored Brands announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share payable on June 29, 2018, to shareholders of record at the close of business on June 19, 2018.

Tailored Brands' indicated dividend represents a yield of 2.09%, which is substantially higher than the average dividend yield of 1.77% for the Consumer Goods sector.

Dividend Insights

Tailored Brands has a dividend payout ratio of 28.9%, which indicates that the Company spends approximately $0.29 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.

As per analysts' estimates, Tailored Brands is forecasted to report earnings of $2.89 per share, which is more than four times higher than the Company's annualized dividend payout of $0.72 per share.

Tailored Brands' cash and cash equivalents at the end of fiscal 2017, ended on February 03, 2018, were $103.6 million, an increase of $32.7 million compared to the end of 2016. There were no borrowings outstanding on its revolving credit facility at the end of 2017. Tailored Brands' total debt at the end of 2017 was approximately $1.4 billion. During Q4 FY17, the Company repurchased and retired $38.8 million face value of its senior notes for a full year total of $153.8 million. Tailored Brands' cash flow from operating activities was $350.8 million for FY17 compared to $242.6 million in FY16. 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.

Earnings Update

On June 06, 2018, Tailored Brands announced that it has been honored with the 2018 Circle of Excellence Award by the Distribution Business Management (DBM) Association.

As a recognized symbol of quality, the Circle of Excellence Award is presented by the DBM Association to leading companies in various industries, who represent the highest standards of quality and provide a model for all businesses. Moreover, it signifies the important attributes and characteristics of Consistency, Integrity, Responsibility, Commitment, Leadership and Excellence which the people in an organization exhibit and uphold

About Tailored Brands, Inc

Tailored Brands is the leading specialty retailer of men's tailored clothing and largest men's formalwear provider in the US and Canada. The Company serves its customers through an expansive omni-channel network that includes over 1,400 locations in the US and Canada as well as its branded ecommerce websites.

Tailored Brands' brands include Men's Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men, and K&G.

Stock Performance Snapshot

June 14, 2018 - At Thursday's closing bell, Tailored Brands' stock tumbled 21.70%, ending the trading session at $26.19.

Volume traded for the day: 14.62 million shares, which was above the 3-month average volume of 1.12 million shares.

Stock performance in the last three-month – up 19.59%; previous six-month period – up 34.58%; past twelve-month period – up 127.74%; and year-to-date – up 19.97%

After yesterday's close, Tailored Brands' market cap was at $1.31 billion.

Price to Earnings (P/E) ratio was at 13.38.

The stock has a dividend yield of 2.75%.

The stock is part of the Services sector, categorized under the Apparel Stores industry. This sector was up 0.9% at the end of the session.

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