CSS Industries Inc (NYSE:CSS) declared a quarterly dividend on Wednesday, May 30th, Zacks reports. Shareholders of record on Monday, June 11th will be paid a dividend of 0.20 per share by the specialty retailer on Wednesday, June 20th. This represents a $0.80 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Friday, June 8th.
CSS Industries has raised its dividend by an average of 10.1% annually over the last three years. CSS Industries has a dividend payout ratio of 58.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect CSS Industries to earn $0.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 84.2%.
Shares of CSS Industries opened at $16.82 on Thursday, according to Marketbeat Ratings. The firm has a market capitalization of $157.32 million, a price-to-earnings ratio of 15.29, a PEG ratio of 3.71 and a beta of 1.13. CSS Industries has a 1 year low of $15.13 and a 1 year high of $30.29.
CSS Industries (NYSE:CSS) last announced its quarterly earnings data on Tuesday, June 5th. The specialty retailer reported ($0.55) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.56) by $0.01. The company had revenue of $81.53 million for the quarter, compared to analysts’ expectations of $77.60 million. CSS Industries had a negative net margin of 10.09% and a positive return on equity of 3.48%. equities research analysts anticipate that CSS Industries will post 0.93 earnings per share for the current fiscal year.
Several brokerages have issued reports on CSS. Zacks Investment Research cut shares of CSS Industries from a “hold” rating to a “strong sell” rating in a research note on Wednesday. TheStreet cut shares of CSS Industries from a “c” rating to a “d+” rating in a research note on Friday, June 1st. DA Davidson raised shares of CSS Industries from a “neutral” rating to a “buy” rating and set a $31.50 price objective on the stock in a research note on Monday. Finally, ValuEngine cut shares of CSS Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd.
CSS Industries Company Profile
CSS Industries, Inc, a consumer products company, designs, manufactures, procures, distributes, and sells seasonal, celebrations, and craft social expression products principally to mass market retailers in the United States and Canada. Its craft and celebrations consumer products include craft ribbon and buttons, sewing patterns, infant products, journals, all occasion boxed greeting cards, gift card holders, gift bags, gift wrap, floral accessories, memory books, scrapbooks, stationery, stickers, and other gift and craft items.
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