LONDON, UK / ACCESSWIRE / June 5, 2018 / Active-Investors has a free review on Escalade, Inc. (NASDAQ: ESCA) following the Company's announcement that it will begin trading ex-dividend on June 06, 2018. 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 June 05, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ESCA:
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On April 19, 2018, Escalade announced a quarterly dividend of $0.125 per share to be paid to all shareholders of record on June 07, 2018, and disbursed on June 14, 2018.
Escalade's indicated dividend represents a yield of 3.45%, which is substantially higher than the average dividend yield of 1.96% for the Consumer Goods sector. The Company has raised its dividend for two years in a row.
Escalade has a dividend payout ratio of 58.1%, which denotes that the Company spends approximately $0.58 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.
According to analysts' estimates, Escalade is forecasted to report earnings of $0.95 per share for the next year, which is substantially higher than the Company's annualized dividend payout of $0.50 per share.
As of March 24, 2018, Escalade's cash and cash equivalents totaled $2.86 million compared to $1.57 million as on December 30, 2017. As on March 24, 2018, the Company's total current assets were $75.23 million, while its current portion of long-term debt was $18.94 million. 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.
Recent Development for Escalade
On May 17, 2018, Escalade announced that it has sold it's 50% equity share of STIGA Sports Group AB, headquartered in Sweden. In connection with the sale, Escalade Sports, its wholly owned subsidiary and global leader in sports and outdoor recreational equipment, entered into a long-term licensing agreement for the STIGA brand on table tennis tables and accessories in North America.
Escalade sold its 50% ownership position to a Swedish private investor. The divestiture provides the company the flexibility and means to continue to execute its strategy of growth through innovation and acquisition in core and complimentary categories where Escalade enjoys leadership positions.
About Escalade, Inc.
Escalade, together with its subsidiaries, manufactures, and sells sporting goods in North America, Europe, and internationally. The company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor, and outdoor game recreation, and fitness products. The Company provides its products through sporting goods retailers, specialty dealers, online retailers, traditional department stores, and mass merchants.
Escalade was founded in 1922 and is headquartered in Evansville, Indiana.
Stock Performance Snapshot
June 01, 2018 - At Monday's closing bell, Escalade's stock slightly dropped 0.69%, ending the trading session at $14.40.
Volume traded for the day: 7.02 thousand shares.
Stock performance in the last month – up 8.27%; previous three-month period – up 7.87%; past twelve-month period – up 20.00%; and year-to-date – up 17.07%
After yesterday's close, Escalade's market cap was at $206.21 million.
Price to Earnings (P/E) ratio was at 19.02.
The stock has a dividend yield of 3.47%.
The stock is part of the Consumer Goods sector, categorized under the Sporting Goods industry. This sector was up 1.0% at the end of the session.
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