Big Lots, Inc. (BIG) To Go Ex-Dividend on December 13th

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

Big Lots has raised its dividend by an average of 25.2% per year over the last three years and has increased its dividend every year for the last 3 years. Big Lots has a payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. 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. Big Lots has a 1 year low of $30.32 and a 1 year high of $64.42. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. The company has a market capitalization of $1.61 billion, a PE ratio of 6.97, a PEG ratio of 1.03 and a beta of 0.95.

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

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

TRADEMARK VIOLATION WARNING: “Big Lots, Inc. (BIG) To Go Ex-Dividend on December 13th” was reported by XNewsPress and is the property of of XNewsPress. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://xnewspress.com/news/2018/12/08/big-lots-inc-big-to-go-ex-dividend-on-december-13th.html.

Big Lots Company Profile

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.

Further Reading: Earnings Per Share (EPS) Explained

Dividend History for Big Lots (NYSE:BIG)

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply