Signet Jewelers Limited (SIG) to Issue Quarterly Dividend of $0.35 on November 20th

Signet Jewelers Limited (NYSE:SIG) declared a quarterly dividend on Tuesday, September 8th. Investors of record on Friday, October 23rd will be given a dividend of $0.35 per share on Friday, November 20th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 23rd.

Signet Jewelers has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Signet Jewelers to earn $13.24 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 10.6%.

Signet Jewelers Stock Down 0.7%

Signet Jewelers stock opened at $115.95 on Wednesday. Signet Jewelers has a 12-month low of $71.61 and a 12-month high of $122.64. The firm’s fifty day moving average is $96.44 and its 200 day moving average is $90.78. The company has a market capitalization of $4.44 billion, a PE ratio of 13.36, a PEG ratio of 0.64 and a beta of 1.10.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.50. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. Signet Jewelers had a return on equity of 23.28% and a net margin of 5.19%. Signet Jewelers’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 earnings per share. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. Sell-side analysts expect that Signet Jewelers will post 11.70 EPS for the current fiscal year.

About Signet Jewelers

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that sells diamond jewelry, bridal products, fashion jewelry, watches and related accessories. The company also provides services such as jewelry repair, customization, piercing and financing through its retail and digital channels.

Signet operates through a portfolio of well-known brands, including Kay Jewelers, Zales, Jared, Diamonds Direct, Blue Nile, James Allen, Peoples, H.Samuel, Ernest Jones and Piercing Pagoda. Its brands serve customers across a range of price points and shopping occasions, from engagements and weddings to everyday fashion and gift purchases.

The company serves customers primarily in the United States, Canada and the United Kingdom through a combination of physical stores, online platforms and other digital shopping channels.