On May 24, 2023, the board of directors of Guess declared a regular quarterly dividend of $0.30 per share, an increase from the previous payout of $0.22 per share. The dividend will be payable on June 23, 2023, to shareholders of record as of June 7, 2023, and shares must be purchased before the ex-dividend date of June 6, 2023, to be eligible.
The current dividend yield of the stock is 6.38%, which is 2.17 standard deviations above the historical average of 3.65%. The standard deviation of yields is 1.26 (n=236). The dividend payout ratio for the company is 0.32, indicating that it has healthy growth prospects. Companies with few growth prospects are typically expected to pay out most of their income in dividends.
The projected annual revenue for Guess is $2,772MM, which represents an increase of 3.15% with a projected annual non-GAAP EPS of $3.44.
The fund sentiment toward the stock is positive, as 407 funds or institutions still report positions in Guess. However, the put/call ratio of GES is 1.62, indicating a bearish outlook.
Guess, established in 1981, has grown into a global lifestyle brand and designs, markets, distributes, and licenses a lifestyle collection of contemporary consumer products. As of October 31, 2020, the company directly operated 1,068 retail stores in the Americas, Europe, and Asia, and its partners and distributors operated 536 additional retail stores worldwide.
Overall, Guess’s dividend growth rate and dividend payout ratio demonstrate the company’s healthy financial situation and growth prospects, making it an attractive option for investors looking to earn stable returns.
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This article was originally published on Fintel.
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