Oxford Industries Inc (OXM) to Issue Quarterly Dividend of $0.37 on August 2nd

Oxford Industries Inc (NYSE:OXM) declared a quarterly dividend on Wednesday, June 19th, RTT News reports. Shareholders of record on Friday, July 19th will be paid a dividend of 0.37 per share by the textile maker on Friday, August 2nd. This represents a $1.48 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, July 18th.

Oxford Industries has increased its dividend by an average of 10.4% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Oxford Industries has a payout ratio of 32.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Oxford Industries to earn $4.95 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 29.9%.

Shares of NYSE OXM opened at $69.37 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. The firm has a fifty day moving average price of $72.94. Oxford Industries has a one year low of $63.50 and a one year high of $97.19. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.52 and a beta of 0.50.

Oxford Industries (NYSE:OXM) last issued its quarterly earnings data on Wednesday, June 12th. The textile maker reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.09. Oxford Industries had a return on equity of 15.43% and a net margin of 6.03%. The firm had revenue of $282.00 million for the quarter, compared to analyst estimates of $276.75 million. During the same period in the prior year, the firm posted $1.28 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, research analysts expect that Oxford Industries will post 4.57 EPS for the current year.

A number of research analysts have commented on OXM shares. Telsey Advisory Group decreased their price objective on Oxford Industries from $82.00 to $78.00 and set a “market perform” rating on the stock in a report on Monday, June 10th. Citigroup started coverage on Oxford Industries in a report on Tuesday, April 16th. They issued a “buy” rating on the stock. ValuEngine raised Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, Zacks Investment Research lowered Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $86.00.

About Oxford Industries

Oxford Industries, Inc, an apparel company, designs, sources, markets, and distributes products of company owned and licensed brands, and private labels apparel products worldwide. The company offers men's and women's sportswear and related products under the Tommy Bahama brand; women's and girl's dresses and sportswear, scarves, bags, jewelry, and belts, as well as footwear and children's apparel under the Lilly Pulitzer brand; and men's shirts, pants, shorts, outerwear, ties, swimwear, footwear, and accessories, as well as women's products under the Southern Tide brand.

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Dividend History for Oxford Industries (NYSE:OXM)

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