Caleres, Inc. (NYSE:CAL) Announces $0.07 Quarterly Dividend

Caleres, Inc. (NYSE:CAL - Get Free Report) declared a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.07 per share by the textile maker on Friday, April 11th. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Thursday, March 27th.

Caleres has a dividend payout ratio of 7.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Caleres to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 7.5%.

Caleres Stock Performance

Shares of NYSE CAL traded down $0.14 during mid-day trading on Tuesday, hitting $16.24. 745,240 shares of the stock were exchanged, compared to its average volume of 627,771. The company has a market cap of $545.97 million, a P/E ratio of 3.62 and a beta of 1.82. The stock's fifty day simple moving average is $18.00 and its two-hundred day simple moving average is $26.03. Caleres has a twelve month low of $15.00 and a twelve month high of $44.51.

Insider Activity at Caleres

In related news, Director Kyle Gendreau purchased 5,000 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was acquired at an average price of $19.93 per share, with a total value of $99,650.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $99,650. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

Separately, Loop Capital dropped their price objective on shares of Caleres from $30.00 to $25.00 and set a "hold" rating for the company in a report on Friday, December 6th.

About Caleres

Caleres, Inc engages in the retail and wholesale of footwear business in the United States, Canada, East Asia, and internationally. It operates through Famous Footwear and Brand Portfolio segments. The company offers licensed, branded, and private-label athletic, casual, and dress footwear products. The company provides brand name athletic, casual, and dress shoes, including Nike, Skechers, adidas, Vans, Crocs, Converse, Puma, Birkenstock, New Balance, Under Armour, Dr.