Oxford Industries, Inc. (NYSE:OXM – Get Free Report) announced a quarterly dividend on Tuesday, September 1st. Investors of record on Friday, October 16th will be paid a dividend of $0.70 per share by the textile maker on Friday, October 30th. This represents a $2.80 annualized dividend and a yield of 10.9%. The ex-dividend date is Friday, October 16th.
Oxford Industries has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Oxford Industries has a payout ratio of 60.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Oxford Industries to earn $2.29 per share next year, which means the company may not be able to cover its $2.80 annual dividend with an expected future payout ratio of 122.3%.
Oxford Industries Stock Up 1.7%
Shares of OXM opened at $25.70 on Wednesday. The company’s 50-day moving average price is $31.70 and its 200 day moving average price is $37.25. Oxford Industries has a 12-month low of $24.19 and a 12-month high of $49.58. The company has a current ratio of 1.17, a quick ratio of 0.56 and a debt-to-equity ratio of 0.13. The firm has a market cap of $384.97 million, a P/E ratio of -50.39 and a beta of 1.13.
Oxford Industries Company Profile
Oxford Industries, Inc is an apparel and lifestyle products company headquartered in Atlanta, Georgia. Founded in 1942, the company designs, sources, markets and distributes branded clothing, accessories and related products for women, men and children.
Its portfolio includes Tommy Bahama, a resort-inspired lifestyle brand; Lilly Pulitzer, known for colorful women’s, children’s and home products; Southern Tide, a casual lifestyle brand; and Johnny Was, which offers women’s apparel and accessories.
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