Stage Stores Inc (SSI) Declares Quarterly Dividend of $0.05
Stage Stores Inc (NYSE:SSI) announced a quarterly dividend on Tuesday, November 20th, RTT News reports. Stockholders of record on Tuesday, December 4th will be paid a dividend of 0.05 per share on Wednesday, December 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 13.25%.
Stage Stores has decreased its dividend by an average of 17.3% annually over the last three years. Stage Stores has a dividend payout ratio of -15.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
SSI opened at $1.51 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.76 and a quick ratio of 0.38. Stage Stores has a fifty-two week low of $1.51 and a fifty-two week high of $3.25.
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Stage Stores Company Profile
Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.
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