Buckle, Inc. announced a special dividend of $3.00 per share on December 8, 2023, marking a significant return of capital to its shareholders. The dividend will be paid to stockholders of record on January 15, 2024, with distribution occurring on January 29, 2024. The ex-dividend date is set for the same day as the record date, January 15.
Over the past three years, Buckle has maintained a modest annual increase in its dividend payments, averaging 0.1%. The company’s current dividend payout ratio stands at 37.3%, indicating a healthy balance between earnings and dividend distribution, which should reassure investors regarding the sustainability of this payout.
Buckle’s stock performance has been notable recently. On the trading day following the announcement, shares increased by $0.83, reaching $57.22. The trading volume that day was 410,049 shares, slightly below the average volume of 525,047. As of now, Buckle’s stock shows a 50-day moving average of $55.85 and a 200-day moving average of $52.67. Over the past year, the stock has fluctuated between a low of $33.12 and a high of $61.69.
With a current market capitalization of $2.93 billion, Buckle’s price-to-earnings (P/E) ratio sits at 14.03, and the stock maintains a beta of 1.14, suggesting it has slightly higher volatility compared to the market.
About Buckle, Inc.
Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories, catering primarily to young men and women in the United States. The company offers a diverse range of branded casual apparel, including denim, sportswear, and outerwear, alongside private label products under various names such as BKE, Buckle Black, and Salvage.
Buckle’s commitment to its shareholders through dividends reflects its stable earnings and operational resilience in the retail sector. The announcement of this special dividend is expected to enhance investor confidence as the company navigates a competitive market landscape.
For those interested in staying updated on Buckle and similar retailers, MarketBeat.com offers a free daily email newsletter that summarizes the latest news and analysts’ ratings.
