Barnes & Noble, Inc. (NYSE:BKS) declared a quarterly dividend on Wednesday, March 14th, RTT News reports. Shareholders of record on Friday, April 6th will be paid a dividend of 0.15 per share by the specialty retailer on Friday, April 27th. This represents a $0.60 annualized dividend and a yield of 12.50%.
Barnes & Noble has a payout ratio of 117.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Shares of Barnes & Noble (BKS) traded up $0.05 on Wednesday, reaching $4.80. The company’s stock had a trading volume of 1,218,323 shares, compared to its average volume of 1,350,121. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.99 and a quick ratio of 0.14. The firm has a market cap of $353.05, a P/E ratio of -2.93 and a beta of 2.28. Barnes & Noble has a 52 week low of $4.10 and a 52 week high of $9.75.
Several research analysts have weighed in on the company. Craig Hallum downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a report on Friday, December 1st. TheStreet downgraded Barnes & Noble from a “c-” rating to a “d” rating in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.50.
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About Barnes & Noble
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.
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