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.
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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