Citi Trends, Inc. (NASDAQ:CTRN) to Issue $0.08 Quarterly Dividend

Citi Trends, Inc. (NASDAQ:CTRN) announced a quarterly dividend on Wednesday, November 15th, NASDAQ reports. Investors of record on Tuesday, November 28th will be given a dividend of 0.08 per share on Tuesday, December 12th. This represents a $0.32 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Monday, November 27th.

Citi Trends (NASDAQ:CTRN) traded up $0.99 during mid-day trading on Thursday, reaching $26.70. The company had a trading volume of 323,810 shares, compared to its average volume of 109,505. The firm has a market cap of $351.19, a PE ratio of 22.42 and a beta of 0.51. Citi Trends has a 12-month low of $15.54 and a 12-month high of $26.81.

Citi Trends (NASDAQ:CTRN) last released its earnings results on Tuesday, November 21st. The company reported $0.05 EPS for the quarter. The company had revenue of $176.90 million during the quarter, compared to analysts’ expectations of $171.30 million. Citi Trends had a return on equity of 7.70% and a net margin of 2.04%. During the same period last year, the firm earned ($0.06) EPS. The business’s revenue for the quarter was up 10.1% on a year-over-year basis.

Separately, TheStreet upgraded Citi Trends from a “c+” rating to a “b-” rating in a research report on Monday, October 16th.

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About Citi Trends

Citi Trends, Inc is a retailer of urban fashion apparel and accessories. The Company’s segment is retail operations. The Company operates approximately 520 stores in both urban and rural markets in over 30 states. The Company offers products under its brands, such as Citi Steps and Red Ape. The Company’s merchandise includes apparel, accessories and home.

Dividend History for Citi Trends (NASDAQ:CTRN)

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