Big Lots, Inc. (BIG) Announces Quarterly Dividend of $0.25

Big Lots, Inc. (NYSE:BIG) announced a quarterly dividend on Friday, December 1st, RTT News reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.25 per share on Friday, December 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.69%.

Big Lots has a payout ratio of 23.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Big Lots to earn $4.47 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.4%.

Big Lots (NYSE BIG) opened at $59.10 on Friday. Big Lots has a one year low of $45.10 and a one year high of $60.18. The stock has a market capitalization of $2,510.00, a price-to-earnings ratio of 13.73, a P/E/G ratio of 0.99 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.27 and a current ratio of 1.62.

In related news, CEO David J. Campisi sold 96,940 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the transaction, the chief executive officer now owns 99,203 shares in the company, valued at $5,257,759. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the completion of the transaction, the insider now owns 7,925 shares in the company, valued at approximately $404,175. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on BIG. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Thursday, August 17th. BidaskClub raised Big Lots from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Oppenheimer restated a “buy” rating on shares of Big Lots in a research note on Wednesday, September 20th. KeyCorp reissued a “buy” rating on shares of Big Lots in a research report on Friday, September 1st. Finally, ValuEngine raised shares of Big Lots from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $58.75.

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Big Lots Company Profile

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

Dividend History for Big Lots (NYSE:BIG)

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