Acushnet (NYSE:GOLF) Shares Set to Pay Quarterly Dividend of $0.26

Acushnet (NYSE:GOLF) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Friday, December 4th will be given a dividend of $0.2550 per share on Friday, December 18th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, December 4th.

Acushnet has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Acushnet has a dividend payout ratio of 29.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Acushnet to earn $4.11 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 24.8%.

Acushnet Price Performance

Acushnet stock opened at $86.00 on Thursday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 22.13 and a beta of 0.77. The firm’s fifty day moving average is $83.32 and its 200 day moving average is $94.13. The company has a quick ratio of 1.48, a current ratio of 2.55 and a debt-to-equity ratio of 1.01. Acushnet has a 52-week low of $76.14 and a 52-week high of $119.65.

Acushnet (NYSE:GOLF) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.15). Acushnet had a net margin of 8.12% and a return on equity of 27.98%. The business had revenue of $649.23 million for the quarter, compared to the consensus estimate of $647.99 million. During the same quarter last year, the business earned $0.81 EPS. Acushnet’s revenue for the quarter was down 1.3% compared to the same quarter last year. Sell-side analysts forecast that Acushnet will post 4.02 EPS for the current fiscal year.

About Acushnet

Acushnet Holdings Corp. is a golf equipment and performance-wear company headquartered in Fairhaven, Massachusetts. Through a portfolio of recognized brands, the company develops, manufactures and markets products used by golfers and golf facilities worldwide.

Its principal brands include Titleist, which offers golf balls, clubs, golf bags, gloves and accessories; FootJoy, which specializes in golf footwear, apparel and gloves; Scotty Cameron, known for premium putters and related accessories; and KJUS, which produces high-performance golf and outdoor apparel.