Acushnet (GOLF) to Issue Quarterly Dividend of $0.26 on June 22nd

Acushnet (NYSE:GOLF) declared a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, June 5th will be paid a dividend of 0.255 per share on Monday, June 22nd. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th.

Acushnet has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Acushnet has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Acushnet to earn $4.02 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 25.4%.

Acushnet Stock Performance

NYSE GOLF opened at $89.17 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.87 and a quick ratio of 0.97. The company has a market capitalization of $5.22 billion, a P/E ratio of 31.40 and a beta of 0.88. Acushnet has a 1-year low of $66.53 and a 1-year high of $104.81. The business has a 50 day moving average price of $95.69 and a 200 day moving average price of $90.09.

Acushnet (NYSE:GOLF) last released its quarterly earnings results on Wednesday, May 6th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.02). The business had revenue of $752.98 million during the quarter, compared to analyst estimates of $722.48 million. Acushnet had a net margin of 6.54% and a return on equity of 22.95%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. Sell-side analysts expect that Acushnet will post 3.77 EPS for the current fiscal year.

About Acushnet

Acushnet Holdings Corp., traded on the NYSE under the symbol GOLF, is a leading designer, manufacturer and marketer of golf equipment, footwear, apparel and accessories. The company’s portfolio encompasses a range of golf lifestyle products, with a focus on innovation, performance and quality for players of all skill levels.

At the core of Acushnet’s product lineup is the Titleist brand, globally recognized for its Tour-level golf balls and precision-engineered clubs. FootJoy offers golf shoes, gloves and apparel that blend comfort, style and technical performance, while Scotty Cameron putters and Vokey design wedges cater to players seeking exacting standards in feel and accuracy.