Williams-Sonoma, Inc. (WSM) Increases Dividend to $0.43 Per Share

Williams-Sonoma, Inc. (NYSE:WSM) declared a quarterly dividend on Wednesday, March 14th, RTT News reports. Stockholders of record on Friday, April 27th will be given a dividend of 0.43 per share by the specialty retailer on Friday, May 25th. This represents a $1.72 annualized dividend and a dividend yield of 3.20%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.39.

Williams-Sonoma has raised its dividend payment by an average of 5.8% per year over the last three years and has raised its dividend every year for the last 8 years. Williams-Sonoma has a payout ratio of 44.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Williams-Sonoma to earn $4.09 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 38.1%.

Williams-Sonoma (NYSE:WSM) traded up $0.96 on Wednesday, hitting $53.70. The stock had a trading volume of 4,262,186 shares, compared to its average volume of 1,591,233. Williams-Sonoma has a 1-year low of $42.68 and a 1-year high of $55.89. The stock has a market capitalization of $4,381.32, a price-to-earnings ratio of 15.24, a P/E/G ratio of 1.31 and a beta of 0.82.

Several research analysts have recently commented on the company. Jefferies Group restated a “hold” rating on shares of Williams-Sonoma in a research report on Sunday, November 19th. Moffett Nathanson assumed coverage on Williams-Sonoma in a research report on Monday, December 4th. They set a “neutral” rating for the company. Zacks Investment Research upgraded Williams-Sonoma from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Oppenheimer restated a “hold” rating on shares of Williams-Sonoma in a research report on Friday, November 17th. Finally, Goldman Sachs Group lowered Williams-Sonoma from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 16th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the stock. Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $51.20.

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Williams-Sonoma Company Profile

Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.

Dividend History for Williams-Sonoma (NYSE:WSM)

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