Macy’s Inc (Image: M) has been named as a Prime 25 dividend inventory, in accordance the newest Dividend Channel ”DividendRank” report. The report famous that among the many protection universe, M shares displayed each enticing valuation metrics and powerful profitability metrics. For instance, the current M share worth of $15.03 represents a price-to-book ratio of 1.0 and an annual dividend yield of 4.62% — by comparability, the typical firm in Dividend Channel’s protection universe yields 4.0% and trades at a price-to-book ratio of two.6. The report additionally cited the robust quarterly dividend historical past at Macy’s Inc, and favorable long-term multi-year progress charges in key basic information factors.
The report acknowledged, ”Dividend traders approaching investing from a worth standpoint are typically most thinking about researching the strongest most worthwhile corporations, that additionally occur to be buying and selling at a sexy valuation. That is what we purpose to seek out utilizing our proprietary DividendRank method, which ranks the protection universe based mostly upon our numerous standards for each profitability and valuation, to generate a listing of the highest most ‘attention-grabbing’ shares, meant for traders as a supply of concepts that advantage additional analysis.”
The annualized dividend paid by Macy’s Inc is $0.6948/share, at the moment paid in quarterly installments, and its most up-to-date dividend ex-date was on 09/13/2024. Beneath is a long-term dividend historical past chart for M, which the report harassed as being of key significance. Certainly, learning an organization’s previous dividend history might be of excellent assist in judging whether or not the newest dividend is prone to proceed.
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