Signet Jewelers Ltd. (SIG) Plans Quarterly Dividend of $0.31

Signet Jewelers Ltd. (NYSE:SIG) declared a quarterly dividend on Friday, January 12th, Wall Street Journal reports. Stockholders of record on Friday, February 2nd will be given a dividend of 0.31 per share on Friday, March 2nd. This represents a $1.24 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, February 1st.

Signet Jewelers has raised its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Signet Jewelers has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Signet Jewelers to earn $6.45 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 19.2%.

Signet Jewelers (NYSE:SIG) opened at $56.94 on Friday. The firm has a market capitalization of $3,341.69, a P/E ratio of 8.44, a PEG ratio of 1.07 and a beta of 0.94. The company has a current ratio of 2.63, a quick ratio of 0.76 and a debt-to-equity ratio of 0.33. Signet Jewelers has a 12-month low of $46.09 and a 12-month high of $86.35.

SIG has been the topic of several analyst reports. Needham & Company LLC set a $60.00 target price on Signet Jewelers and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada downgraded Signet Jewelers from an “outperform” rating to a “sector perform” rating and set a $55.00 target price on the stock. in a research report on Friday. ValuEngine downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Cowen set a $54.00 price objective on Signet Jewelers and gave the company a “hold” rating in a research report on Saturday, November 25th. Finally, Zacks Investment Research downgraded Signet Jewelers from a “hold” rating to a “strong sell” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $64.67.

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Signet Jewelers Company Profile

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

Dividend History for Signet Jewelers (NYSE:SIG)

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