Signet Jewelers Limited (NYSE:SIG) to Issue $0.32 Quarterly Dividend

Signet Jewelers Limited (NYSE:SIG - Get Free Report) announced a quarterly dividend on Tuesday, December 2nd. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.32 per share on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, January 23rd.

• Signet Jewelers Stock Poised for Rebound After Earnings Drop

Signet Jewelers has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Signet Jewelers has a payout ratio of 14.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Signet Jewelers to earn $8.91 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 14.4%.

Signet Jewelers Trading Down 6.6%

Shares of NYSE:SIG traded down $6.35 on Tuesday, reaching $89.35. 2,622,279 shares of the company were exchanged, compared to its average volume of 1,203,360. The company has a 50-day moving average of $99.10 and a 200-day moving average of $87.33. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $110.20.

• The Retail Sector is on the cusp of a major breakout

Signet Jewelers (NYSE:SIG - Get Free Report) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.47. Signet Jewelers had a net margin of 1.95% and a return on equity of 23.42%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $0.25 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. Signet Jewelers has set its FY 2026 guidance at 8.430-9.59 EPS. As a group, analysts forecast that Signet Jewelers will post 8.73 earnings per share for the current year.

Institutional Trading of Signet Jewelers

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC raised its position in shares of Signet Jewelers by 56.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 180,744 shares of the company's stock valued at $10,494,000 after buying an additional 65,234 shares during the last quarter. Nordea Investment Management AB boosted its position in Signet Jewelers by 1.7% during the second quarter. Nordea Investment Management AB now owns 148,699 shares of the company's stock worth $11,828,000 after acquiring an additional 2,487 shares during the last quarter. Vanguard Group Inc. grew its stake in Signet Jewelers by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 5,205,964 shares of the company's stock worth $302,258,000 after acquiring an additional 389,852 shares during the period. Maverick Capital Ltd. acquired a new position in Signet Jewelers in the 1st quarter valued at $1,915,000. Finally, Nuveen LLC purchased a new position in shares of Signet Jewelers during the 1st quarter worth $21,646,000.

Signet Jewelers Company Profile

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Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.

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