Barnes & Noble, Inc. (NYSE:BKS) declared a quarterly dividend on Wednesday, December 6th, RTT News reports. Shareholders of record on Friday, January 5th will be given a dividend of 0.15 per share by the specialty retailer on Friday, January 26th. This represents a $0.60 annualized dividend and a yield of 9.23%.

Barnes & Noble has a dividend 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. Research analysts expect Barnes & Noble to earn $0.54 per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of 111.1%.

Barnes & Noble (NYSE BKS) traded down $0.10 on Wednesday, reaching $6.50. The company’s stock had a trading volume of 1,810,000 shares, compared to its average volume of 1,102,402. Barnes & Noble has a 52 week low of $6.25 and a 52 week high of $13.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.11 and a quick ratio of 0.18. The stock has a market capitalization of $473.11, a price-to-earnings ratio of 31.43, a PEG ratio of 1.29 and a beta of 2.65.

Barnes & Noble (NYSE:BKS) last posted its earnings results on Thursday, November 30th. The specialty retailer reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.15). Barnes & Noble had a net margin of 0.42% and a return on equity of 2.86%. The company had revenue of $791.12 million during the quarter, compared to analysts’ expectations of $812.20 million. During the same quarter last year, the firm earned ($0.29) EPS. Barnes & Noble’s revenue for the quarter was down 7.9% on a year-over-year basis. research analysts predict that Barnes & Noble will post 0.51 earnings per share for the current fiscal year.

Several research firms have issued reports on BKS. Craig Hallum lowered Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Barnes & Noble from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th.

In other Barnes & Noble news, Chairman Leonard Riggio purchased 1,000,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of $6.80 per share, for a total transaction of $6,800,000.00. Following the completion of the purchase, the chairman now owns 8,594,491 shares of the company’s stock, valued at $58,442,538.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Frederic Argir sold 21,148 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $6.90, for a total value of $145,921.20. Following the sale, the vice president now owns 70,213 shares in the company, valued at approximately $484,469.70. The disclosure for this sale can be found here. 19.00% of the stock is owned by insiders.

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Barnes & Noble Company Profile

Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.

Dividend History for Barnes & Noble (NYSE:BKS)

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