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

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

Nordstrom has raised its dividend payment by an average of 7.2% per year over the last three years. Nordstrom has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Nordstrom to earn $3.06 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 48.4%.

Nordstrom, Inc. (NYSE:JWN) declared a quarterly dividend on Tuesday, May 16th. Shareholders of record on Friday, May 26th will be given a dividend of 0.37 per share by the specialty retailer on Monday, June 12th. This represents a $1.48 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, May 24th.

Nordstrom (NYSE:JWN) opened at 42.47 on Monday. The firm has a market capitalization of $7.05 billion, a PE ratio of 19.88 and a beta of 1.01. Nordstrom has a 52-week low of $35.01 and a 52-week high of $62.82. The firm’s 50-day moving average is $45.15 and its 200-day moving average is $47.30.

In other news, President Blake W. Nordstrom sold 3,169 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $43.80, for a total transaction of $138,802.20. Following the completion of the sale, the president now owns 2,140,587 shares in the company, valued at approximately $93,757,710.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Peter E. Nordstrom sold 3,297 shares of the business’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $44.75, for a total value of $147,540.75. Following the sale, the insider now owns 2,312,789 shares of the company’s stock, valued at approximately $103,497,307.75. The disclosure for this sale can be found here. Insiders sold a total of 13,889 shares of company stock valued at $635,298 in the last 90 days. 7.03% of the stock is owned by company insiders. JWN has been the subject of a number of recent analyst reports. Vetr downgraded Nordstrom from a “strong-buy” rating to a “buy” rating and set a $48.92 target price for the company. in a report on Monday, April 10th. Piper Jaffray Companies set a $42.00 target price on Nordstrom and gave the company a “hold” rating in a report on Saturday, May 13th. William Blair reissued an “outperform” rating on shares of Nordstrom in a report on Monday, February 6th. Robert W. Baird set a $50.00 target price on Nordstrom and gave the company a “hold” rating in a report on Saturday, May 13th. Finally, Zacks Investment Research raised Nordstrom from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 28th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.10.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “JWN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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