LONDON, UK / ACCESSWIRE / June 7, 2018 / Active-Investors has a free review on CSS Industries, Inc. (NYSE: CSS) following the Company's announcement that it will begin trading ex-dividend on June 08, 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 07, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on CSS:
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On May 30, 2018, CSS Industries announced the declaration of a quarterly dividend of $0.20 per share. The dividend will be payable on June 20, 2018, to stockholders of record at the close of business on June 11, 2018.
CSS Industries' indicated dividend represents a yield of 4.45%, which is more than double compared to the average dividend yield of 1.96% for the Services sector.
CSS Industries has a dividend payout ratio of 59.3%, which denotes that the Company spends approximately $0.59 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, CSS Industries is forecasted to report earnings of $1.44 per share for the next year, which is considerably higher than the Company's annualized dividend payout of $0.80 per share.
CSS Industries ended the quarter and fiscal year ended at March 31, 2018, with $58.6 million of cash, cash equivalents, and short-term investments compared to $67.6 million in FY17. The Company's cash provided by operating activities was $31.4 million for FY18 compared to $14.9 million in FY17. The Company's free cash flow was $24.1 million compared to $9.9 million in the year ago same period. CSS Industries returned $7.3 million to shareholders through cash dividends during the year, consistent with the prior year. 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 CSS
On June 01, 2018, Fitlosophy, Inc., which was founded by entrepreneur Angela Mader, in 2008 announced its acquisition by C.R. Gibson, LLC, a CSS Industries Company.
Fitlosophy is devoted to creating, marketing, and distributing products which inspire people to develop healthy habits by focusing on effective goal-setting through journaling, as well as a complete line of inspirational fitness gear and apparel. C.R. Gibson, LLC has a 140-year history as a leading manufacturer of consumer products that preserve, create, and celebrate memories, now expanding its noteworthy reach into the health and wellness space with Fitlosophy's inclusion.
C.R. Gibson will continue to design, market, distribute and sell products under the Fitlosophy™, live life fit™, and fitbook™ brands. Angela Mader will serve as Vice President - Fitlosophy Brands, heading the Company's design and marketing team from their office located in Newport Beach, California.
About CSS Industries, Inc.
CSS Industries is a creative consumer products company focused on the craft, celebrations and seasonal categories. For these design-driven categories, the Company engages in the creative development, manufacture, procurement, distribution and sale of its products with an omni-channel approach focused primarily on mass market retailers.
Stock Performance Snapshot
June 06, 2018 - At Wednesday's closing bell, CSS Industries' stock fell 2.49%, ending the trading session at $16.82.
Volume traded for the day: 131.46 thousand shares, which was above the 3-month average volume of 55.13 thousand shares.
Stock performance in the last month – up 5.06%
After yesterday's close, CSS Industries' market cap was at $153.06 million.
The stock has a dividend yield of 4.76%.
The stock is part of the Services sector, categorized under the Specialty Retail, Other industry. This sector was up 0.8% at the end of the session.
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