Signet Jewelers Ltd. to Issue Quarterly Dividend of $0.31 (SIG)

Signet Jewelers Ltd. (NYSE:SIG) declared a quarterly dividend on Friday, January 12th, Wall Street Journal reports. Shareholders of record on Friday, February 2nd will be paid a dividend of 0.31 per share on Friday, March 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, February 1st.

Signet Jewelers has raised its dividend payment by an average of 10.5% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Signet Jewelers has a dividend payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Signet Jewelers to earn $6.48 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 19.1%.

Shares of Signet Jewelers (SIG) traded up $2.53 on Friday, reaching $55.22. 5,802,600 shares of the company’s stock were exchanged, compared to its average volume of 3,774,038. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. Signet Jewelers has a 1 year low of $46.09 and a 1 year high of $86.35. The company has a market capitalization of $3,340.00, a price-to-earnings ratio of 9.59, a P/E/G ratio of 1.13 and a beta of 0.94.

A number of brokerages have weighed in on SIG. Royal Bank of Canada lowered shares of Signet Jewelers from an “outperform” rating to a “sector perform” rating and set a $55.00 price target on the stock. in a research note on Friday. Wells Fargo & Co set a $52.00 price objective on shares of Signet Jewelers and gave the stock a “hold” rating in a research report on Thursday. Needham & Company LLC set a $60.00 price objective on shares of Signet Jewelers and gave the stock a “buy” rating in a research report on Thursday. ValuEngine lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Vetr lowered shares of Signet Jewelers from a “strong-buy” rating to a “buy” rating and set a $57.72 price objective on the stock. in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $64.67.

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About Signet Jewelers

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Dividend History for Signet Jewelers (NYSE:SIG)

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