Ermenegildo Zegna (NYSE:ZGN) Plans Dividend Increase – $0.12 Per Share

Ermenegildo Zegna (NYSE:ZGN) announced an annual dividend on Tuesday, May 21st, Zacks reports. Stockholders of record on Friday, July 5th will be paid a dividend of 0.12 per share on Tuesday, July 30th. This represents a dividend yield of 1.01%. The ex-dividend date is Friday, July 5th. This is a positive change from Ermenegildo Zegna’s previous annual dividend of $0.10.

Ermenegildo Zegna has a payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Ermenegildo Zegna to earn $0.64 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 18.8%.

Ermenegildo Zegna Stock Down 1.5 %

Ermenegildo Zegna stock opened at $11.50 on Wednesday. The stock has a 50-day simple moving average of $12.29 and a 200 day simple moving average of $12.51. The company has a quick ratio of 0.76, a current ratio of 1.27 and a debt-to-equity ratio of 0.13. Ermenegildo Zegna has a 12-month low of $10.12 and a 12-month high of $16.36.

Ermenegildo Zegna Company Profile

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.