Barnes & Noble, Inc. (NYSE:BKS) announced a quarterly dividend on Wednesday, December 5th, RTT News reports. Stockholders of record on Friday, January 4th will be paid a dividend of 0.15 per share by the specialty retailer on Friday, January 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.65%.
Barnes & Noble has a payout ratio of 117.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of BKS opened at $6.94 on Thursday. Barnes & Noble has a twelve month low of $4.10 and a twelve month high of $7.71. The firm has a market capitalization of $507.80 million, a PE ratio of 15.77 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 0.14 and a debt-to-equity ratio of 0.67.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Barnes & Noble from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Gabelli upgraded shares of Barnes & Noble from a “hold” rating to a “buy” rating in a research note on Friday, September 7th.
COPYRIGHT VIOLATION WARNING: This story was first published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://dakotafinancialnews.com/2018/12/06/barnes-noble-inc-bks-declares-0-15-quarterly-dividend.html.
Barnes & Noble Company Profile
Barnes & Noble, Inc primarily operates as a bookseller in the United States. The company operates through two segments, B&N Retail and NOOK. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.
Receive News & Ratings for Barnes & Noble Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble and related companies with MarketBeat.com's FREE daily email newsletter.