Caleres, Inc. (NYSE:CAL) Declares Quarterly Dividend of $0.07

Caleres, Inc. (NYSE:CAL) declared a quarterly dividend on Monday, March 16th. Stockholders of record on Thursday, March 26th will be paid a dividend of 0.07 per share by the textile maker on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, March 26th.

Caleres has a dividend payout ratio of 8.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Caleres to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 7.5%.

Caleres Price Performance

Shares of CAL stock traded up $0.02 during trading hours on Monday, reaching $9.31. 698,569 shares of the stock were exchanged, compared to its average volume of 596,551. The business’s fifty day moving average is $12.31 and its two-hundred day moving average is $12.71. The firm has a market capitalization of $315.61 million, a P/E ratio of 14.78 and a beta of 0.64. Caleres has a 12-month low of $9.09 and a 12-month high of $18.27.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in Caleres by 1,662.8% during the 2nd quarter. Osaic Holdings Inc. now owns 1,992 shares of the textile maker’s stock worth $25,000 after acquiring an additional 1,879 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Caleres in the fourth quarter valued at $25,000. Quadrant Capital Group LLC grew its holdings in shares of Caleres by 1,032.4% during the fourth quarter. Quadrant Capital Group LLC now owns 2,412 shares of the textile maker’s stock worth $29,000 after purchasing an additional 2,199 shares during the last quarter. CWM LLC increased its position in shares of Caleres by 624.9% during the third quarter. CWM LLC now owns 3,639 shares of the textile maker’s stock worth $47,000 after purchasing an additional 3,137 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Caleres during the third quarter worth about $56,000. Institutional investors and hedge funds own 98.44% of the company’s stock.

About Caleres

Caleres, Inc, formerly known as Brown Shoe Company, is a leading footwear company engaged in the design, sourcing, marketing and selling of a broad portfolio of branded and private-label shoes. The company’s operations span a range of market segments from value-priced to premium and luxury. Caleres operates through two primary segments: a retail segment anchored by the Famous Footwear banner, which includes more than 1,100 stores across North America, and a brand portfolio segment comprising owned and licensed brands such as Allen Edmonds, Naturalizer, Sam Edelman, Dr.