LONDON, UK / ACCESSWIRE / December 11, 2017 / Active-Investors has a free review on Guess', Inc. (NYSE: GES) following the Company's announcement that it will begin trading ex-dividend on December 12, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 11, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on GES:
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Dividend Declared
On November 21, 2017, Guess' Board of Directors approved a quarterly cash dividend of $0.225 per share on the Company's common stock. The dividend will be payable on January 03, 2018, to shareholders of record at the close of business on December 13, 2017.
Guess' indicated dividend represents a yield of 5.49%, which is more than double compared to the average dividend yield of 1.89% for the Services sector. The Company has raised dividend for three consecutive years.
Dividend Insights
Guess' has a dividend payout ratio of 145.2%, which indicates that the Company spends approximately $0.145 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves. What is clearly visible from the payout ratio is that the Company is currently paying out more than its dividend. Although the recent dividend is considered to be safe, however, in the future the Company may have to take steps to increase its earnings or reduce the dividend payout.
According to analysts' estimates, Guess' is forecasted to report earnings of $0.81 per share for the next year compared to the Company's annualized dividend of $0.90 per share.
As of October 28, 2017, Guess' had cash and cash equivalents worth $233.09 million compared to $349.10 million as on October 29, 2016. The Company's net cash used in operating activities totaled $34.20 million for the nine months ended October 28, 2017, versus $30.23 million for the year-ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Guess'
Established in 1981, Guess' began as a jeans Company and has since successfully grown into a global lifestyle brand. Guess', Inc. designs, markets, distributes, and licenses a lifestyle collection of contemporary apparel, denim, handbags, watches, footwear, and other related consumer products. Guess? products are distributed through branded Guess? stores as well as better department and specialty stores around the world. As of January 28, 2017, the Company directly operated 945 retail stores in the Americas, Europe, and Asia. Guess' licensees and distributors operated 735 additional retail stores worldwide. As of January 28, 2017, the Company and its licensees and distributors operated in 101 countries worldwide.
Stock Performance Snapshot
December 08, 2017 - At Friday's closing bell, Guess' stock advanced 1.95%, ending the trading session at $16.71.
Volume traded for the day: 571.31 thousand shares.
Stock performance in the last month – up 8.09%; previous three-month period – up 5.76%; past twelve-month period – up 20.13%; and year-to-date – up 38.10%
After last Friday's close, Guess' market cap was at $1.34 billion.
The stock has a dividend yield of 5.39%.
The stock is part of the Services sector, categorized under the Apparel Stores industry. This sector was up 0.5% at the end of the session.
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