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

VF Corporation (NYSE:VFC) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Monday, March 10th will be paid a dividend of 0.09 per share by the textile maker on Thursday, March 20th. This represents a $0.36 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, March 10th.

VF has decreased its dividend by an average of 43.3% annually over the last three years. VF has a payout ratio of 25.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect VF to earn $0.90 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 40.0%.

VF Stock Up 5.2 %

NYSE:VFC opened at $26.88 on Friday. The business’s 50-day simple moving average is $22.12 and its two-hundred day simple moving average is $19.65. VF has a 52 week low of $11.00 and a 52 week high of $29.02. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.30 and a quick ratio of 0.88.

VF (NYSE:VFC) last posted its quarterly earnings results on Wednesday, January 29th. The textile maker reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.28. VF had a positive return on equity of 15.35% and a negative net margin of 4.63%. During the same period in the previous year, the firm posted $0.57 EPS. On average, equities research analysts predict that VF will post 0.48 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on VFC. Argus upgraded shares of VF from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, December 17th. Stifel Nicolaus increased their price target on VF from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Monday, October 14th. UBS Group lifted their price objective on VF from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday. Robert W. Baird increased their target price on VF from $23.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Truist Financial restated a “hold” rating and issued a $24.00 price target (up previously from $20.00) on shares of VF in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, VF presently has an average rating of “Hold” and a consensus price target of $22.47.

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.