Buckle, Inc. announced a special dividend of $3.00 per share, set to benefit shareholders of record by January 15, 2024. The payment will occur on January 29, 2024, marking a significant return for investors.
The dividend declaration reflects Buckle’s commitment to returning value to shareholders. Over the past three years, the company has increased its dividend payment by an average of 0.1% annually. With a dividend payout ratio of 37.3%, Buckle ensures that its dividend is well supported by its earnings, signaling financial stability.
Stock Performance and Market Position
On Tuesday, Buckle’s stock saw an increase, trading up $0.83 to reach $57.22 during market hours. The trading volume for the day was 410,049 shares, slightly below its average volume of 525,047 shares. Currently, the company holds a market capitalization of $2.93 billion with a price-to-earnings (P/E) ratio of 14.03 and a beta of 1.14, indicating its stock’s volatility compared to the market.
Buckle’s stock has experienced fluctuations in the past year, recording a low of $33.12 and a high of $61.69. The company’s 50-day moving average stands at $55.85, while the 200-day moving average is $52.67. These figures provide investors with insight into Buckle’s stock performance and market trends.
About Buckle, Inc.
Buckle, Inc. is a retailer specializing in casual apparel, footwear, and accessories for young men and women throughout the United States. The company offers a diverse selection of brand-name casual clothing, including denim, sportswear, and various accessories. Additionally, Buckle markets private label merchandise under several brands, such as BKE, Buckle Black, and Gimmicks.
With its strategic focus on appealing to a younger demographic, Buckle continues to adapt its offerings to meet evolving consumer preferences. The recent announcement of a special dividend underscores the firm’s robust financial health and dedication to enhancing shareholder value.
