EX-Dividend Schedule: Signet Jewelers Has a Dividend Yield of 2.24%; Will Trade Ex-Dividend on February 01, 2018

LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors has a free review on Signet Jewelers Ltd (NYSE: SIG) (“Signet”) following the Company’s announcement that it will begin trading ex-dividend on February 01, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 31, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SIG:

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Dividend Declared

On January 10, 2018, Signet’s Board declared a quarterly cash dividend of $0.31 per share for the fourth quarter of fiscal 2018, payable on March 03, 2018, to shareholders of record on February 02, 2018, with an ex-dividend date of February 01, 2018.

Signet’s indicated dividend represents a yield of 2.24%, which is substantially above the average dividend yield of 1.81% for the Services sector. The Company has raised dividend for six consecutive years.

Dividend Insight

Signet has a dividend payout ratio of 19.1%, which indicates that the Company spends approximately $0.19 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Signet is forecasted to report earnings of $6.08 for the next year, which is more than four times compared to the Company’s annualized dividend of $1.24 per share.

As of October 28, 2017, Signet’s cash and cash equivalents were $113.4 million compared to $82.7 million as on October 29, 2016. For the thirty-nine weeks ended October 28, 2017, the Company’s net cash provided by operating activities totaled $1.48 billion compared to $360.9 million for the year ago same period. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Signet

On January 10, 2018, Signet announced its sales for the 9 weeks ended December 30, 2017 (Holiday Season). The Company’s total sales for the period came in at $1.89 billion, down 3.1% compared to sales of $1.94 billion for the year ago corresponding period. Signet’s Same Store Sales (Comp) fell 5.3%.

Signet’s ecommerce sales were $210.5 million for the Holiday Season, up 47.7% compared to $142.5 million in prior year’s same period.

About Signet Jewelers Ltd

Signet is the world’s largest retailer of diamond jewelry. Signet operates approximately 3,600 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria of Jewelry, H. Samuel, Ernest Jones, Peoples, Piercing Pagoda, and JamesAllen.com. Signet was founded in 1950 and is based in Hamilton, Bermuda.

Stock Performance Snapshot

January 30, 2018 – At Tuesday’s closing bell, Signet Jewelers’ stock fell 3.43%, ending the trading session at $52.86.

Volume traded for the day: 1.27 million shares.

After yesterday’s close, Signet Jewelers’ market cap was at $3.18 billion.

Price to Earnings (P/E) ratio was at 9.18.

The stock has a dividend yield of 2.35%.

The stock is part of the Services sector, categorized under the Jewelry Stores industry.

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