Macy’s, Inc. (NYSE:M) Declares Quarterly Dividend of $0.19

Macy’s, Inc. (NYSE:M) announced a quarterly dividend on Friday, August 28th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.1915 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, September 15th.

Macy’s has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Macy’s has a dividend payout ratio of 40.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Macy’s to earn $2.39 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 31.8%.

Macy’s Stock Up 7.5%

Shares of M stock traded up $1.53 on Friday, reaching $22.03. 10,273,860 shares of the stock were exchanged, compared to its average volume of 5,847,674. The company has a current ratio of 1.59, a quick ratio of 0.44 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average price is $23.47 and its 200 day moving average price is $21.43. The company has a market capitalization of $5.79 billion, a price-to-earnings ratio of 8.07 and a beta of 1.41. Macy’s has a twelve month low of $16.41 and a twelve month high of $26.58.

Macy’s (NYSE:M) last posted its quarterly earnings results on Thursday, September 10th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.26. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Macy’s had a return on equity of 13.21% and a net margin of 3.29%.Macy’s’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Macy’s has set its Q3 2026 guidance at -0.230–0.190 EPS and its FY 2026 guidance at 2.150-2.350 EPS. As a group, sell-side analysts expect that Macy’s will post 2.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on M. Citigroup boosted their target price on Macy’s from $22.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 25th. Weiss Ratings cut shares of Macy’s from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Evercore set a $22.00 price objective on shares of Macy’s in a research report on Thursday, June 4th. JPMorgan Chase & Co. upped their target price on shares of Macy’s from $21.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, June 4th. Finally, Telsey Advisory Group increased their target price on shares of Macy’s from $20.00 to $23.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $22.78.

About Macy’s

Macy’s, Inc is an American omnichannel retailer that sells a broad range of merchandise through department stores, specialty stores and digital platforms. Its product offerings include apparel, accessories, beauty products, home furnishings, jewelry, furniture and other consumer goods.

The company operates through several well-known retail banners, including Macy’s, Bloomingdale’s and Bluemercury. Macy’s serves customers primarily in the United States through its stores and e-commerce websites, while Bloomingdale’s offers fashion, accessories, beauty and home merchandise through department stores, outlets and digital channels.