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.
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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.
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