Caleres (NYSE:CAL) Is Paying Out A Dividend Of $0.07

Caleres, Inc. (NYSE:CAL) will pay a dividend of $0.07 on the 9th of January. Based on this payment, the dividend yield will be 2.1%, which is fairly typical for the industry.We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Caleres' Projected Earnings Seem Likely To Cover Future Distributions While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible. Caleres was earning enough to cover the previous dividend, but it was paying out quite a large proportion of its free cash flows. The company is clearly earning enough to pay this type of dividend, but it is definitely focused on returning cash to shareholders, rather than growing the business. If the trend of the last few years continues, EPS will grow by 38.8% over the next 12 months. Assuming the dividend continues along recent trends, we think the payout ratio could be 34% by next year, which is in a pretty sustainable range. NYSE:CAL Historic Dividend December 16th 2025 See our latest analysis for Caleres Caleres Has A Solid Track Record Even over a long history of paying dividends, the company's distributions have been remarkably stable. The most recent annual payment of $0.28 is about the same as the annual payment 10 years ago. Slow and steady dividend growth might not sound that exciting, but dividends have been stable for ten years, which we think makes this a fairly attractive offer. The Dividend Looks Likely To Grow Some investors will be chomping at the bit to buy some of the company's stock based on its dividend history. We are encouraged to see that Caleres has grown earnings per share at 39% per year over the past five years. The company doesn't have any problems growing, despite returning a lot of capital to shareholders, which is a very nice combination for a dividend stock to have. In Summary In summary, we are pleased with the dividend remaining consistent, and we think there is a good chance of this continuing in the future. On the plus side, the dividend looks sustainable by most measures but it is let down by the lack of cash flows. The dividend looks okay, but there have been some issues in the past, so we would be a little bit cautious. It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. Case in point: We've spotted 3 warning signs for Caleres (of which 1 is potentially serious!) you should know about. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers. Mobile Infrastructure for Defense and DisasterThe next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.Get the investor briefing before the next round of contractsSponsored On Behalf of CiTech