|Bid||46.90 x 800|
|Ask||0.00 x 800|
|Day's Range||47.10 - 47.93|
|52 Week Range||17.46 - 48.48|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||14.97|
|Forward Dividend & Yield||0.60 (1.26%)|
|Ex-Dividend Date||Jan 14, 2021|
|1y Target Est||N/A|
FL vs. GOOS: Which Stock Is the Better Value Option?
B. Riley boosted its rating on the sneaker retailer to Buy from Neutral, and raised its price target to $58 from $39.
Foot Locker (NYSE:FL) declared a dividend payable on January 29, 2021 to its shareholders as of November 17, 2020. It was also announced that shareholders of Foot Locker's stock as of January 15, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Foot Locker, whose current dividend payout is $0.15, has an ex-dividend date set at January 14, 2021. The payout equates to a dividend yield of 1.51% at current price levels.The Significance Of Ex-Dividend Dates An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.Foot Locker's Dividend Payouts And Yields Over the past year, Foot Locker has experienced an overall downward trend regarding its dividend payouts and yields. Last year on October 17, 2019 the company's payout was $0.38, which has since decreased by $0.23. Similarly, Foot Locker's dividend yield last year was 4.0%, which has since declined by 2.49%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Foot Locker click here.See more from Benzinga * Click here for options trades from Benzinga * Benzinga's Top Upgrades, Downgrades For January 7, 2021(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.