Barnes & Noble, Inc. Declares Quarterly Dividend of $0.15 (BKS)

Barnes & Noble, Inc. (NYSE:BKS) announced a quarterly dividend on Wednesday, June 13th, RTT News reports. Stockholders of record on Friday, July 6th will be given a dividend of 0.15 per share by the specialty retailer on Friday, July 27th. This represents a $0.60 annualized dividend and a dividend yield of 10.26%.

Barnes & Noble has a dividend payout ratio of 117.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

NYSE:BKS opened at $5.85 on Thursday. Barnes & Noble has a one year low of $4.10 and a one year high of $8.41. The company has a quick ratio of 0.14, a current ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market cap of $447.68 million, a PE ratio of 13.60 and a beta of 2.06.

Several equities analysts have weighed in on BKS shares. TheStreet lowered Barnes & Noble from a “c-” rating to a “d” rating in a report on Friday, March 2nd. ValuEngine lowered Barnes & Noble from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $8.50.

Barnes & Noble Company Profile

Barnes & Noble, Inc operates as a content and commerce company in the United States. Barnes & Noble, Inc operates as a retailer of books, content, digital media, and educational products. It sells trade books, including hardcover and paperback titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; and children's books, eBooks and other digital content, NOOK and related accessories, bargain books, magazines, gifts, café products and services, educational toys and games, and music and movies.

Dividend History for Barnes & Noble (NYSE:BKS)

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