Macy’s, Inc. (M) To Go Ex-Dividend on December 15th

Macy’s, Inc. (NYSE:M) announced a quarterly dividend on Friday, October 24th. Investors of record on Monday, December 15th will be given a dividend of 0.1824 per share on Friday, January 2nd. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, December 15th.

Macy’s has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 4 years. Macy’s has a payout ratio of 38.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Macy’s to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 29.9%.

Macy’s Trading Up 0.7%

Shares of NYSE:M traded up $0.18 during midday trading on Friday, reaching $24.18. The company had a trading volume of 7,462,023 shares, compared to its average volume of 7,848,463. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.18 and a current ratio of 1.25. Macy’s has a 1-year low of $9.76 and a 1-year high of $24.41. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 14.31 and a beta of 1.44. The company has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $15.83.

Macy’s (NYSE:M) last issued its earnings results on Wednesday, December 3rd. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.13) by $0.22. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Macy’s had a return on equity of 15.57% and a net margin of 2.10%.Macy’s’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.04 earnings per share. Macy’s has set its FY 2025 guidance at 2.000-2.20 EPS. Research analysts predict that Macy’s will post 2.39 earnings per share for the current year.

About Macy’s

Macy’s, Inc engages in the retail of apparel, accessories, cosmetics, home furnishings, and other consumer goods. The firm’s brands include Macy’s, Bloomingdale’s, and Bluemercury. It offers men’s, women’s, and children’s apparel, women’s accessories, intimate apparel, shoes, cosmetics, fragrances, as well as home and miscellaneous products.