Macy’s, Inc. (M) To Go Ex-Dividend on March 13th

Macy’s, Inc. (NYSE:M) declared a quarterly dividend on Friday, February 27th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.1915 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, March 13th. This is a 5.0% increase from Macy’s’s previous quarterly dividend of $0.18.

Macy’s has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Macy’s has a dividend payout ratio of 40.4% meaning 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 $0.76 annual dividend with an expected future payout ratio of 31.1%.

Macy’s Stock Performance

NYSE:M traded down $0.47 on Wednesday, hitting $17.53. The company’s stock had a trading volume of 3,251,095 shares, compared to its average volume of 7,126,737. Macy’s has a one year low of $9.76 and a one year high of $24.41. The firm has a market capitalization of $4.66 billion, a P/E ratio of 10.39 and a beta of 1.51. The stock has a fifty day moving average of $21.11 and a two-hundred day moving average of $19.92. The company has a current ratio of 1.25, a quick ratio of 0.18 and a debt-to-equity ratio of 0.56.

About Macy’s

Macy’s, Inc is a leading American omnichannel retailer operating under the Macy’s brand, as well as specialty divisions Bloomingdale’s and Bluemercury. The company’s retail portfolio encompasses full-line department stores, fashion-focused specialty outlets and a high-end beauty chain, offering consumers a wide array of apparel, footwear, accessories, cosmetics and home furnishings. Through its integrated network of physical stores and digital platforms, Macy’s seeks to deliver a seamless shopping experience that blends in-store service with online convenience.

The company’s product assortment spans men’s, women’s and children’s clothing, beauty and personal care products, housewares and home décor.