VF Corporation (VFC) to Issue Quarterly Dividend of $0.09 on March 20th

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

VF has decreased its dividend payment by an average of 43.3% annually over the last three years. VF has a payout ratio of 25.7% meaning its dividend is sufficiently covered by earnings. 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 Performance

VFC opened at $26.88 on Friday. The business’s fifty day simple moving average is $22.12 and its 200 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 announced its quarterly earnings data on Wednesday, January 29th. The textile maker reported $0.62 earnings per share for the quarter, beating 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 quarter in the previous year, the business posted $0.57 EPS. On average, analysts predict that VF will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VFC shares. Barclays boosted their price target on shares of VF from $29.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday. Telsey Advisory Group restated a “market perform” rating and issued a $21.00 price objective on shares of VF in a research report on Wednesday. StockNews.com upgraded shares of VF from a “sell” rating to a “hold” rating in a report on Saturday, October 26th. Jefferies Financial Group raised their price objective on VF from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Truist Financial reiterated a “hold” rating and issued a $24.00 price target (up from $20.00) on shares of VF in a research note on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.