Big Lots, Inc. (NYSE:BIG) announced a quarterly dividend on Friday, December 1st, RTT News reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.25 per share on Friday, December 29th. This represents a $1.00 annualized dividend and a dividend yield of 1.72%.

Big Lots has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Big Lots to earn $4.47 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.4%.

Shares of Big Lots (NYSE:BIG) opened at $58.21 on Friday. The company has a market capitalization of $2,508.93, a P/E ratio of 14.35, a PEG ratio of 1.04 and a beta of 0.98. Big Lots has a 52 week low of $45.10 and a 52 week high of $60.18. The company has a quick ratio of 0.27, a current ratio of 1.62 and a debt-to-equity ratio of 0.39.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Thursday, November 30th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Big Lots had a return on equity of 30.32% and a net margin of 3.31%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.04 earnings per share. equities research analysts predict that Big Lots will post 4.23 EPS for the current year.

A number of analysts recently commented on BIG shares. Loop Capital set a $64.00 price target on Big Lots and gave the company a “buy” rating in a research report on Wednesday, August 30th. Deutsche Bank reaffirmed a “buy” rating and set a $57.00 price target (up from $56.00) on shares of Big Lots in a research report on Saturday, August 26th. Oppenheimer set a $60.00 price target on Big Lots and gave the company a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Thursday, August 17th. Finally, KeyCorp reissued a “buy” rating on shares of Big Lots in a report on Friday, September 1st. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Big Lots has an average rating of “Buy” and a consensus price target of $59.09.

In other news, CEO David J. Campisi sold 96,940 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the completion of the transaction, the chief executive officer now directly owns 99,203 shares of the company’s stock, valued at $5,257,759. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the firm’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the transaction, the insider now directly owns 7,925 shares of the company’s stock, valued at $404,175. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

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About Big Lots

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

Dividend History for Big Lots (NYSE:BIG)

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