Acushnet (GOLF) To Go Ex-Dividend on December 5th

Acushnet (NYSE:GOLF) declared a quarterly dividend on Wednesday, November 5th. Shareholders of record on Friday, December 5th will be paid a dividend of 0.235 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, December 5th.

Acushnet has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 8 years. Acushnet has a dividend payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Acushnet to earn $3.35 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 28.1%.

Acushnet Stock Performance

NYSE:GOLF traded up $0.76 during mid-day trading on Wednesday, reaching $84.11. 36,833 shares of the company’s stock were exchanged, compared to its average volume of 429,969. The business’s fifty day simple moving average is $79.96 and its two-hundred day simple moving average is $76.99. Acushnet has a one year low of $55.31 and a one year high of $85.95. The firm has a market capitalization of $4.93 billion, a PE ratio of 23.04 and a beta of 0.89. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.30 and a current ratio of 2.42.

Acushnet (NYSE:GOLF) last released its earnings results on Wednesday, November 5th. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.04). Acushnet had a net margin of 8.80% and a return on equity of 27.50%. The company had revenue of $657.66 million for the quarter, compared to the consensus estimate of $632.76 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that Acushnet will post 3.06 earnings per share for the current fiscal year.

Acushnet Company Profile

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear.