KEARNEY, Neb. - The Buckle, Inc. (NYSE: NYSE:BKE), a specialty retailer known for its denim and apparel offerings, has declared a quarterly dividend of $0.35 per share. This announcement came following a Board of Directors meeting on Monday. Shareholders on record by April 12, 2024, will be eligible for the dividend, which is scheduled for distribution on April 26, 2024.
Buckle operates 442 retail stores across 42 states, positioning itself as a destination for a variety of denim brands, including its exclusive label, BKE. The company emphasizes exceptional service and style, aiming to provide customers with a memorable shopping experience through its high-quality, on-trend clothing, accessories, and footwear.
The company's forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from expected outcomes. Factors that may influence Buckle's performance and financial results are detailed in filings with the Securities and Exchange Commission.
The company notes that it does not commit to updating or revising any forward-looking statements, even if future changes indicate that the anticipated results will not be achieved.
This dividend declaration is a part of the company's ongoing efforts to deliver value to its shareholders. The information regarding the dividend is based on a press release statement from The Buckle, Inc.
InvestingPro Insights
The Buckle, Inc. (NYSE: BKE) continues to demonstrate its commitment to shareholder returns with its recent dividend announcement. Reflecting on the company's financial health and market performance, several key metrics from InvestingPro provide additional insights. With a market capitalization of approximately $1.88 billion and a dividend yield of 10.25%, The Buckle stands out in the retail sector. The company's Price/Earnings (P/E) ratio is currently at 8.58, showcasing its earnings relative to its share price.
The Buckle's dedication to its shareholders is further highlighted by its long-standing history of dividend payments, having maintained them for 22 consecutive years. This is complemented by its ability to manage a moderate level of debt, as indicated by the fact that its liquid assets surpass its short-term obligations. On the valuation front, the company is trading at a high Price/Book multiple of 4.56, which suggests that investors hold the company in high regard relative to its book value.
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