Stage Stores Inc (NYSE:SSI) declared a quarterly dividend on Thursday, February 22nd, RTT News reports. Shareholders of record on Tuesday, March 6th will be given a dividend of 0.05 per share on Wednesday, March 21st. This represents a $0.20 dividend on an annualized basis and a yield of 10.70%.
Stage Stores has decreased its dividend by an average of 17.3% annually over the last three years. Stage Stores has a dividend payout ratio of -19.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Stage Stores (SSI) opened at $1.87 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.27 and a quick ratio of 0.28. Stage Stores has a 52-week low of $1.45 and a 52-week high of $3.00.
A number of equities analysts have commented on SSI shares. B. Riley set a $1.00 price objective on shares of Stage Stores and gave the stock a “sell” rating in a research report on Wednesday, November 15th. ValuEngine raised shares of Stage Stores from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 29th.
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About Stage Stores
Stage Stores, Inc operates specialty department stores mainly in small and mid-sized towns and communities. The Company’s department stores offer a range of brand name and private label apparel, accessories, cosmetics, footwear and home goods. The Company operates approximately 830 specialty department stores in over 40 states under the BEALLS, GOODY’S, PALAIS ROYAL, PEEBLES and STAGE nameplates and a direct-to-consumer business.
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