LONDON, UK / ACCESSWIRE / April 18, 2018 / Active-Investors has a free review on Oxford Industries, Inc. (NYSE: OXM) following the Company's announcement that it will begin trading ex-dividend on April 19, 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 April 18, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on OXM:
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On March 28, 2018, Oxford Industries announced that its Board of Directors has approved a cash dividend of $0.34 per share payable on May 04, 2018, to shareholders of record as of the close of business on April 20, 2018. This represents a 26% increase from the dividend paid in the fourth quarter of fiscal 2017 reflecting the Company's commitment to returning value to its shareholders.
Oxford Industries' indicated dividend represents a yield of 1.77% compared to the average dividend yield of 1.85% for the Consumer Goods sector. The Company has paid dividends every quarter since it became publicly owned in 1960.
Oxford Industries has a dividend payout ratio of 29.8%, which denotes that the Company spends approximately $0.30 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, Oxford Industries is forecasted to report earnings of $4.98 for the next year, which is more than three times above the Company's annualized dividend of $1.36 per share.
As of February 03, 2018, Oxford's cash and cash equivalents totaled $6.34 million compared to $6.33 million as on January 28, 2017. For the fiscal year ended February 03, 2018, the Company's cash provided by operating activities was $118.59 million compared to $118.57 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 Oxford Industries, Inc
Oxford Industries is a leader in the apparel industry. The Company owns and markets the distinctive Tommy Bahama®, Lilly Pulitzer®, and Southern Tide® lifestyle brands. Oxford Industries also produces certain licensed and private label apparel products. As of February 03, 2018, the Company operated 166 Tommy Bahama stores, including 110 full-price retail stores, 18 retail-restaurant locations, and 38 outlet stores.
Oxford Industries was founded in 1942 and is headquartered in Atlanta, Georgia.
Stock Performance Snapshot
April 17, 2018 - At Tuesday's closing bell, Oxford Industries' stock marginally advanced 0.31%, ending the trading session at $78.10.
Volume traded for the day: 76.71 thousand shares.
Stock performance in the previous six-month period – up 22.74%; past twelve-month period – up 42.60%; and year-to-date – up 3.87%
After yesterday's close, Oxford Industries' market cap was at $1.33 billion.
Price to Earnings (P/E) ratio was at 24.55.
The stock has a dividend yield of 1.74%.
The stock is part of the Consumer Goods sector, categorized under the Textile - Apparel Clothing industry. This sector was up 0.5% at the end of the session.
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