V.F. (VFC) Declares $0.30 Dividend
V.F. said on February 7, 2023 that its board of directors declared a regular quarterly dividend of $0.30 per share ($1.20 annualized). Shareholders of record as of March 9, 2023 will receive the payment on March 21, 2023. Previously, the company paid $0.51 per share.
At the current share price of $28.44 / share, the stock's dividend yield is 4.22%. Looking back five years and taking a sample every week, the average dividend yield has been 2.99%, the lowest has been 1.84%, and the highest has been 7.83%. The standard deviation of yields is 1.24 (n=237).
The current dividend yield is 0.99 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 1.91. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.06%, demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 7.69% Upside
As of February 10, 2023, the average one-year price target for V.F. is $30.63. The forecasts range from a low of $23.23 to a high of $39.90. The average price target represents an increase of 7.69% from its latest reported closing price of $28.44.
The projected annual revenue for V.F. is $11,682MM, a decrease of 0.13%. The projected annual EPS is $2.10, an increase of 96.71%.
What is the Fund Sentiment?
There are 1343 funds or institutions reporting positions in V.F.. This is a decrease of 69 owner(s) or 4.89% in the last quarter. Average portfolio weight of all funds dedicated to VFC is 0.12%, a decrease of 23.20%. Total shares owned by institutions decreased in the last three months by 0.71% to 434,456K shares. The put/call ratio of VFC is 1.15, indicating a bearish outlook.
What are large shareholders doing?
Pnc Financial Services Group holds 77,450K shares representing 19.94% ownership of the company. In it's prior filing, the firm reported owning 77,454K shares, representing a decrease of 0.01%. The firm decreased its portfolio allocation in VFC by 27.83% over the last quarter.
Capital International Investors holds 33,369K shares representing 8.59% ownership of the company. In it's prior filing, the firm reported owning 34,769K shares, representing a decrease of 4.20%. The firm decreased its portfolio allocation in VFC by 30.31% over the last quarter.
Northern Trust holds 24,884K shares representing 6.41% ownership of the company. In it's prior filing, the firm reported owning 24,899K shares, representing a decrease of 0.06%. The firm decreased its portfolio allocation in VFC by 76.06% over the last quarter.
ABALX - AMERICAN BALANCED FUND holds 10,939K shares representing 2.82% ownership of the company. In it's prior filing, the firm reported owning 10,224K shares, representing an increase of 6.53%. The firm decreased its portfolio allocation in VFC by 22.06% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,450K shares representing 2.69% ownership of the company. In it's prior filing, the firm reported owning 10,313K shares, representing an increase of 1.32%. The firm decreased its portfolio allocation in VFC by 28.47% over the last quarter.
VF Background Information
(This description is provided by the company.)
Founded in 1899, VF Corporation is one of the world's largest apparel, footwear and accessories companies connecting people to the lifestyles, activities and experiences they cherish most through a family of iconic outdoor, active and workwear brands including Vans®, The North Face®, Timberland® and Dickies®. The Company's purpose is to power movements of sustainable and active lifestyles for the betterment of people and our planet. The Company connects this purpose with a relentless drive to succeed to create value for all stakeholders and use our company as a force for good.
This story originally appeared on Fintel.