Signet Jewelers Limited (SIG) to Issue Quarterly Dividend of $0.35 on May 22nd

Signet Jewelers Limited (NYSE:SIG) announced a quarterly dividend on Thursday, March 19th. Shareholders of record on Friday, April 24th will be given a dividend of 0.35 per share on Friday, May 22nd. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, April 24th. This is a 9.4% increase from Signet Jewelers’s previous quarterly dividend of $0.32.

Signet Jewelers has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Signet Jewelers has a dividend payout ratio of 14.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Signet Jewelers to earn $8.91 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 14.4%.

Signet Jewelers Price Performance

SIG stock opened at $89.25 on Friday. The stock has a market capitalization of $3.63 billion, a P/E ratio of 12.52, a P/E/G ratio of 0.97 and a beta of 1.25. Signet Jewelers has a fifty-two week low of $49.99 and a fifty-two week high of $110.20. The business has a 50-day moving average of $91.98 and a 200-day moving average of $93.41.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, March 19th. The company reported $6.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.11 by $0.14. The business had revenue of ($4,468.50) million for the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 22.22% and a net margin of 4.32%.Signet Jewelers’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.62 EPS. Equities analysts expect that Signet Jewelers will post 8.73 EPS for the current year.

About Signet Jewelers

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.