V.F. Corporation (NYSE:VFC) Announces Quarterly Dividend of $0.09

V.F. Corporation (NYSE:VFC) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Wednesday, June 10th will be given a dividend of 0.09 per share by the textile maker on Thursday, June 18th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 10th.

V.F. has decreased its dividend payment by an average of 0.5%per year over the last three years. V.F. has a payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect V.F. to earn $1.14 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 31.6%.

V.F. Stock Performance

VFC traded down $0.58 during midday trading on Wednesday, hitting $16.16. 22,550,683 shares of the company traded hands, compared to its average volume of 7,049,539. The company has a quick ratio of 1.03, a current ratio of 1.55 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $6.32 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 0.84 and a beta of 1.62. The company’s 50-day moving average is $17.88 and its 200 day moving average is $18.19. V.F. has a 52 week low of $11.06 and a 52 week high of $22.27.

Institutional Investors Weigh In On V.F.

Institutional investors have recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors lifted its holdings in shares of V.F. by 6.7% in the 1st quarter. Arkadios Wealth Advisors now owns 77,213 shares of the textile maker’s stock valued at $1,312,000 after acquiring an additional 4,845 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in V.F. by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 15,604 shares of the textile maker’s stock worth $265,000 after acquiring an additional 8,689 shares during the period. Entropy Technologies LP purchased a new stake in shares of V.F. during the first quarter valued at about $815,000. Parallel Advisors LLC increased its holdings in shares of V.F. by 27.9% during the first quarter. Parallel Advisors LLC now owns 2,694 shares of the textile maker’s stock valued at $46,000 after acquiring an additional 588 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of V.F. during the first quarter valued at about $3,209,000. 86.84% of the stock is owned by hedge funds and other institutional investors.

About V.F.

VF Corporation, commonly branded as VF, is a global apparel and footwear company that develops, markets and distributes a diverse portfolio of consumer brands. Its offerings span outdoor and action sports apparel, footwear and accessories under marquee names such as The North Face, Vans, Timberland, Dickies, JanSport and Smartwool. Through a “house of brands” strategy, VF leverages the unique heritage and design expertise of each label to serve distinct lifestyle and performance segments.

Founded in 1899 in Pennsylvania as the Reading Glove and Mitten Manufacturing Company, VF evolved through a series of acquisitions and strategic expansions to become a leading player in the global apparel industry.