American Eagle Outfitters (AEO) Plans $0.14 Quarterly Dividend
American Eagle Outfitters (NYSE:AEO) declared a quarterly dividend on Thursday, December 6th, RTT News reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.1375 per share by the apparel retailer on Friday, December 28th. This represents a $0.55 annualized dividend and a dividend yield of 2.78%.
American Eagle Outfitters has a payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect American Eagle Outfitters to earn $1.63 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 33.7%.
Shares of NYSE:AEO traded down $0.11 on Thursday, hitting $19.78. The company had a trading volume of 5,157,222 shares, compared to its average volume of 4,332,157. American Eagle Outfitters has a 1-year low of $16.14 and a 1-year high of $29.88. The company has a market cap of $3.53 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.39 and a beta of 0.78.
About American Eagle Outfitters
American Eagle Outfitters, Inc operates as a specialty retailer that provides clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands. The company also provides jeans, and other apparel and accessories for men and women; and intimates, activewear, and swim collections, as well as personal care products for women.
Recommended Story: Marijuana Stocks
Receive News & Ratings for American Eagle Outfitters Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Eagle Outfitters and related companies with MarketBeat.com's FREE daily email newsletter.