American Greetings (AM) Announces Quarterly Dividend of $0.15
American Greetings (NYSE:AM) announced a quarterly dividend on Friday, March 8th. Shareholders of record on Wednesday, March 27th will be paid a dividend of $0.15 per share on Monday, April 8th. This represents a $0.60 annualized dividend and a dividend yield of 3.66%.
On the ratings front, analysts at Zacks downgraded shares of American Greetings from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, March 1st. They now have a $15.60 price target on the stock.
American Greetings (AM) traded down 0.91% on Friday, hitting $16.39. American Greetings (AM) has a 52-week low of $12.53 and a 52-week high of $17.49. The stock’s 50-day moving average is currently $16.. The company’s market cap is $518.5 million.
American Greetings last issued its quarterly earnings data on Thursday, December 20th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.51. The company had revenue of $506.80 million for the quarter, compared to the consensus estimate of $533.29 million. During the same quarter last year, the company posted $0.50 earnings per share. American Greetings’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that American Greetings (AM) will post $0.80 EPS for the current fiscal year.
American Greetings Corporation (American Greetings) is engaged in the design, manufacture and sale of everyday and seasonal greeting cards and other social expression products.
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