Big Lots, Inc. (NYSE:BIG) declared a quarterly dividend on Friday, December 7th, RTT News reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.30 per share on Friday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, December 13th.

Big Lots has increased its dividend payment by an average of 25.2% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Big Lots has a payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Big Lots to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.2%.

NYSE:BIG opened at $31.00 on Friday. The company has a market cap of $1.61 billion, a PE ratio of 9.66, a P/E/G ratio of 1.03 and a beta of 0.95. Big Lots has a 52 week low of $30.32 and a 52 week high of $64.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32.

Big Lots (NYSE:BIG) last posted its earnings results on Friday, December 7th. The company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.15). The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.06 earnings per share. Equities research analysts anticipate that Big Lots will post 4.44 EPS for the current year.

Several equities analysts have recently commented on BIG shares. Loop Capital lowered their target price on Big Lots from $43.00 to $32.00 and set a “hold” rating for the company in a report on Friday. ValuEngine raised Big Lots from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Bank of America started coverage on Big Lots in a report on Monday, November 5th. They set a “buy” rating and a $56.00 target price for the company. Finally, Piper Jaffray Companies raised Big Lots from a “neutral” rating to an “overweight” rating and upped their target price for the company from $43.00 to $53.00 in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.81.

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About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Dividend History for Big Lots (NYSE:BIG)

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