VF Corp (NYSE:VFC) announced a quarterly dividend on Friday, February 16th, RTT News reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.46 per share by the textile maker on Monday, March 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Thursday, March 8th.

VF has raised its dividend by an average of 15.8% annually over the last three years and has raised its dividend every year for the last 45 years. VF has a payout ratio of 60.7% meaning its dividend is sufficiently covered by earnings. Analysts expect VF to earn $3.79 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 48.5%.

Shares of VF (VFC) opened at $73.52 on Friday. VF has a one year low of $51.22 and a one year high of $84.38. The company has a quick ratio of 0.98, a current ratio of 1.60 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $29,236.08, a PE ratio of 23.93, a PEG ratio of 2.12 and a beta of 0.95.

VF (NYSE:VFC) last issued its quarterly earnings results on Friday, February 16th. The textile maker reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.01). The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $3.67 billion. VF had a return on equity of 31.49% and a net margin of 5.08%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. research analysts expect that VF will post 3.46 EPS for the current fiscal year.

A number of equities analysts have issued reports on VFC shares. Robert W. Baird reiterated an “average” rating and set a $84.00 price target on shares of VF in a research report on Wednesday, January 3rd. Piper Jaffray Companies set a $89.00 price target on VF and gave the stock a “buy” rating in a research report on Friday, February 16th. Pivotal Research set a $95.00 price target on VF and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Stifel Nicolaus upgraded VF from a “hold” rating to a “buy” rating and increased their price target for the stock from $78.00 to $91.00 in a research report on Sunday, February 11th. Finally, Susquehanna Bancshares reiterated a “buy” rating and set a $95.00 price target on shares of VF in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $75.10.

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About VF

V.F. Corporation (VF) is engaged in the design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products. The Company’s segments include Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear. Its Outdoor & Action Sports Coalition is a group of authentic outdoor and activity-based lifestyle brands.

Dividend History for VF (NYSE:VFC)

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