EX-Dividend Schedule: Tailored Brands has a Dividend Yield of 4.26%; Will Trade Ex-Dividend on December 11, 2017
LONDON, UK / ACCESSWIRE / December 08, 2017 / Active-Investors has a free review on Tailored Brands, Inc. (NYSE: TLRD) following the Company's announcement that it will begin trading ex-dividend on December 11, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date (excluding weekend) that is by latest at the end of the trading session on December 08, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on TLRD:
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Dividend Declared
On September 14, 2017, Tailored Brands announced that its Board of Directors declared a quarterly cash dividend of $0.18 per share payable on December 22, 2017, to shareholders of record at the close of business on December 12, 2017.
Tailored Brands' indicated dividend represents a yield of 4.26%, which is more than double the average dividend yield of 1.62% for the Consumer Goods sector.
Dividend Insights
Tailored Brands has a dividend payout ratio of 39.1%, which indicates that the Company spends approximately $0.39 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, Tailored Brands is forecasted to report earnings of $1.95 per share for the next year, more than double the Company's annualized dividend of $0.72 per share.
Tailored Brands cash and cash equivalents at the end of Q2 2017 were $112.7 million, an increase of $101.3 million compared to the end of Q2 2016. There were no borrowings outstanding on the Company's revolving credit facility at the end of Q2 2017. Tailored Brands' cash flow from operating activities for the six months ended July 29, 2017, was $140.5 million compared to $100.3 million in the same period last 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 Tailored Brands
On October 26, 2017, Tailored Brands announced that it has amended its asset-based revolving credit facility (ABL), expanding availability to $550 million from $500 million and extending its maturity to October 2022 from June 2019.
The ABL includes a $100 million expansion feature and has an improved fee structure. The ABL matures October 2022, subject to a springing maturity provision relative to the Company's other outstanding debt.
About Tailored Brands
Tailored Brands, is a leading authority on helping men dress for work, special occasions and everyday life. The Company serves its customers through an expansive omni-channel network that includes over 1,400 locations in the US and Canada as well as its branded e-commerce websites. The Company's brands include Men's Wearhouse, Jos. A. Bank, Joseph Abboud, Moores Clothing for Men and K&G. Tailored Brands also operates an international corporate apparel and workwear group consisting of Dimensions, Alexandra and Yaffy in the United Kingdom and Twin Hill in the United States.
Stock Performance Snapshot
December 07, 2017 - At Thursday's closing bell, Tailored Brands' stock surged 13.50%, ending the trading session at $19.51.
Volume traded for the day: 7.35 million shares, which was above the 3-month average volume of 1.33 million shares.
Stock performance in the last month – up 32.63%; previous three-month period – up 60.05%; past six-month period – up 75.29%; and twelve-month period – up 3.06%
After yesterday's close, Tailored Brands' market cap was at $1.00 billion.
Price to Earnings (P/E) ratio was at 16.37.
The stock has a dividend yield of 3.69%.
The stock is part of the Services sector, categorized under the Apparel Stores industry. This sector was up 0.4% at the end of the session.
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