Nordstrom, Inc. (JWN) Plans Quarterly Dividend of $0.37

Nordstrom, Inc. (NYSE:JWN) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Investors of record on Monday, March 5th will be given a dividend of 0.37 per share by the specialty retailer on Tuesday, March 20th. This represents a $1.48 annualized dividend and a yield of 2.96%.

Nordstrom has raised its dividend by an average of 3.9% annually over the last three years. Nordstrom has a dividend payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordstrom to earn $3.13 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 47.3%.

Nordstrom (JWN) opened at $50.06 on Thursday. The firm has a market cap of $8,410.75, a PE ratio of 17.63, a P/E/G ratio of 2.69 and a beta of 0.90. The company has a current ratio of 1.00, a quick ratio of 0.30 and a debt-to-equity ratio of 3.14. Nordstrom has a 1 year low of $37.79 and a 1 year high of $53.00.

Several equities analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Nordstrom from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, November 10th. BMO Capital Markets set a $50.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Friday, January 12th. Piper Jaffray Companies set a $45.00 price target on shares of Nordstrom and gave the company a “hold” rating in a research report on Wednesday, January 10th. Robert W. Baird restated a “hold” rating and set a $50.00 price target on shares of Nordstrom in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Nordstrom from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research report on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.08.

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Nordstrom Company Profile

Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.

Dividend History for Nordstrom (NYSE:JWN)

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