VF Corp (NYSE:VFC) Announces Quarterly Dividend of $0.49

VF Corp (NYSE:VFC) announced a quarterly dividend on Friday, October 16th, RTT News reports. Stockholders of record on Thursday, December 10th will be given a dividend of 0.49 per share by the textile maker on Monday, December 21st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.59%. This is a positive change from VF’s previous quarterly dividend of $0.48.

VF has raised its dividend by 26.1% over the last three years and has raised its dividend every year for the last 1 years.

VFC opened at $75.82 on Friday. The business’s 50-day simple moving average is $71.54 and its 200-day simple moving average is $62.31. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.83 and a current ratio of 3.65. VF has a one year low of $45.07 and a one year high of $100.25. The stock has a market capitalization of $29.54 billion, a P/E ratio of 92.46, a price-to-earnings-growth ratio of 5.49 and a beta of 1.20.

VF (NYSE:VFC) last posted its earnings results on Friday, October 16th. The textile maker reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.19. VF had a return on equity of 21.07% and a net margin of 3.46%. The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s revenue was down 18.0% compared to the same quarter last year. On average, equities research analysts forecast that VF will post 1.09 EPS for the current fiscal year.

In other VF news, Director W Alan Mccollough sold 9,501 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $67.08, for a total value of $637,327.08. Following the sale, the director now directly owns 27,272 shares of the company’s stock, valued at approximately $1,829,405.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is currently owned by company insiders.

A number of analysts have recently commented on VFC shares. TheStreet upgraded VF from a “d+” rating to a “c” rating in a research report on Tuesday, September 15th. Robert W. Baird raised their price target on VF from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. ValuEngine raised VF from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Piper Sandler raised their price target on VF from $58.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, September 30th. Finally, Royal Bank of Canada raised their price target on VF from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Monday, August 3rd. Eleven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $74.37.

VF Company Profile

V.F. Corporation engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia Pacific. It operates through four segments: Outdoor & Action Sports, Jeanswear, Imagewear, and Other.

Read More: Quiet Period Expirations Explained

Dividend History for VF (NYSE:VFC)

Receive News & Ratings for VF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VF and related companies with MarketBeat.com's FREE daily email newsletter.