Williams-Sonoma, Inc. to Issue Quarterly Dividend of $0.66 (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSM) announced a quarterly dividend on Wednesday, December 17th. Investors of record on Friday, January 16th will be given a dividend of 0.66 per share by the specialty retailer on Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, January 16th.

Williams-Sonoma has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 20 years. Williams-Sonoma has a payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Williams-Sonoma to earn $8.51 per share next year, which means the company should continue to be able to cover its $2.64 annual dividend with an expected future payout ratio of 31.0%.

Williams-Sonoma Price Performance

NYSE WSM traded down $0.09 on Wednesday, hitting $185.43. The company had a trading volume of 1,084,541 shares, compared to its average volume of 1,391,343. The company’s fifty day moving average price is $186.42 and its 200-day moving average price is $184.73. The company has a market capitalization of $22.14 billion, a PE ratio of 20.41, a PEG ratio of 2.91 and a beta of 1.55. Williams-Sonoma has a 12-month low of $130.07 and a 12-month high of $219.98.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.09. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Williams-Sonoma had a net margin of 14.30% and a return on equity of 53.10%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.96 earnings per share. On average, sell-side analysts anticipate that Williams-Sonoma will post 8.36 EPS for the current year.

About Williams-Sonoma

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.