PVH Corp. (PVH) to Issue Quarterly Dividend of $0.04 on June 24th

PVH Corp. (NYSE:PVH) declared a quarterly dividend on Wednesday, April 29th. Stockholders of record on Wednesday, June 3rd will be given a dividend of 0.0375 per share by the textile maker on Wednesday, June 24th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Wednesday, June 3rd.

PVH has raised its dividend by an average of 0.3%per year over the last three years. PVH has a payout ratio of 1.1% meaning its dividend is sufficiently covered by earnings. Analysts expect PVH to earn $13.56 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 1.1%.

PVH Price Performance

NYSE:PVH opened at $93.40 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 0.85. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 245.79, a price-to-earnings-growth ratio of 1.03 and a beta of 1.72. The company has a 50 day moving average price of $84.18 and a 200-day moving average price of $74.74. PVH has a 1-year low of $59.60 and a 1-year high of $100.15.

PVH (NYSE:PVH) last posted its earnings results on Tuesday, March 31st. The textile maker reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.52. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.43 billion. PVH had a net margin of 0.28% and a return on equity of 11.55%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.27 EPS. Equities research analysts forecast that PVH will post 12.01 EPS for the current year.

About PVH

PVH Corp is a leading global apparel company known for its portfolio of iconic brands in the dress shirt, sportswear and lifestyle categories. The company designs, markets and distributes clothing, accessories and fragrances under both owned and licensed brands. PVH’s core brand holdings include Calvin Klein and Tommy Hilfiger, complemented by a range of heritage labels such as Van Heusen, IZOD, ARROW, Warner’s and Olga.

PVH’s operations span the entire value chain from product design and development to manufacturing, marketing and distribution.