Caleres Continues History of Dividend Payouts with Regular Quarterly Dividend Declaration
St.Louis based company, Caleres (NYSE: CAL), has declared a regular quarterly cash dividend of $0.07 per share to be paid on June 20, 2024.This announcement is in line with the company’s long-standing tradition of paying dividends to its shareholders for over 100 years.
Caleres is a global portfolio of footwear brands that includes Famous Footwear, Sam Edelman, and Allen Edmonds, among others.The company’s strong financial performance in the fourth quarter of 2023 has resulted in a decrease in its dividend payout ratio, signaling potential for future dividend increases.
When compared to its peers in the Consumer Discretionary sector, Caleres ranks favorably, with only 47 companies having a higher 12 Months dividend payout ratio.The company’s ranking has also improved, now standing at 1305 out of all companies in the third quarter of 2023.
With a history of consistent dividend payouts and a positive outlook for future financial performance, investors may anticipate further dividend increases from Caleres in the future.
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