Big Lots, Inc. (BIG) Announces Quarterly Dividend of $0.30

Big Lots, Inc. (NYSE:BIG) announced a quarterly dividend on Friday, December 7th, RTT News reports. Investors of record on Friday, December 14th will be given a dividend of 0.30 per share on Friday, December 28th. This represents a $1.20 annualized dividend and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 13th.

Big Lots has increased its dividend payment by an average of 25.2% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Big Lots has a payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Big Lots to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 25.2%.

NYSE BIG opened at $31.00 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.61 billion, a P/E ratio of 6.97, a PEG ratio of 1.03 and a beta of 0.95. Big Lots has a 1 year low of $30.32 and a 1 year high of $64.42.

Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, December 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.15). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Big Lots had a return on equity of 27.83% and a net margin of 3.14%. The business’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 EPS. Equities analysts expect that Big Lots will post 4.44 EPS for the current year.

Several equities analysts recently commented on BIG shares. Loop Capital dropped their price objective on shares of Big Lots from $43.00 to $32.00 and set a “hold” rating for the company in a research note on Friday. ValuEngine raised shares of Big Lots from a “strong sell” rating to a “sell” rating in a research note on Friday, September 7th. Bank of America started coverage on shares of Big Lots in a research note on Monday, November 5th. They issued a “buy” rating and a $56.00 price objective for the company. Finally, Piper Jaffray Companies raised shares of Big Lots from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $43.00 to $53.00 in a research note on Monday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $50.81.

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About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a community retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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Dividend History for Big Lots (NYSE:BIG)

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