Big 5 Sporting Goods Co. (NASDAQ:BGFV) Plans Quarterly Dividend of $0.10

Big 5 Sporting Goods Co. (NASDAQ:BGFV) announced a quarterly dividend on Tuesday, July 28th, Zacks reports. Investors of record on Tuesday, September 1st will be given a dividend of 0.10 per share on Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.27%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Big 5 Sporting Goods’s previous quarterly dividend of $0.05.

Big 5 Sporting Goods has decreased its dividend by an average of 61.9% annually over the last three years. Big 5 Sporting Goods has a payout ratio of 285.7% 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 NASDAQ BGFV traded down $0.20 during midday trading on Thursday, hitting $6.38. 30,681 shares of the company’s stock were exchanged, compared to its average volume of 3,226,766. The company has a current ratio of 1.85, a quick ratio of 0.30 and a debt-to-equity ratio of 1.95. The business’s fifty day moving average price is $2.55 and its two-hundred day moving average price is $2.23. The company has a market cap of $144.30 million, a price-to-earnings ratio of 65.80 and a beta of 1.64. Big 5 Sporting Goods has a 12-month low of $0.65 and a 12-month high of $6.93.

Big 5 Sporting Goods (NASDAQ:BGFV) last issued its earnings results on Wednesday, May 27th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.02). Big 5 Sporting Goods had a return on equity of 1.15% and a net margin of 0.22%. The business had revenue of $217.74 million during the quarter.

Big 5 Sporting Goods Company Profile

Big 5 Sporting Goods Corporation operates as a sporting goods retailer in the western United States. The company offers athletic shoes, apparel, and accessories, as well as a selection of outdoor and athletic equipment for team sports, fitness, camping, hunting, fishing, tennis, golf, winter and summer recreation, and roller sports.

Further Reading: Outperform Rating

Dividend History for Big 5 Sporting Goods (NASDAQ:BGFV)

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