LONDON, UK / ACCESSWIRE / March 08, 2018 / Active-Investors has a free review on Escalade, Inc. (NASDAQ: ESCA) following the Company's announcement that it will begin trading ex-dividend on March 09, 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 March 08, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ESCA:
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Dividend Declared
On February 27, 2018, Escalade announced a quarterly dividend of $0.125 per share would be paid to all shareholders of record on March 12, 2018 and disbursed on March 19, 2018. The recent dividend is 8.7% from its previous dividend of $0.115 per share.
Escalade's indicated dividend represents a yield of 3.75%, which is more than two times higher than the average dividend yield of 1.82% for the Consumer Goods sector. The Company has raised dividend for two consecutive years.
Dividend Insight
Escalade has a dividend payout ratio of 54.9%, which indicates that the Company spends approximately $0.55 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, Escalade is forecasted to report earnings of $0.86 for the next year, which is considerably higher than the Company's annualized dividend of $0.50 per share.
As of December 31, 2017, Escalade's cash and cash equivalents totaled $1.57 million compared to $1.01 million as on December 31, 2016. The Company's current assets were $80.26 million as on December 31, 2017, and current liabilities totaled $19.54 million. 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.
About Escalade, Inc.
Escalade is a global manufacturer and distributor of sports and outdoor recreational equipment. Leader in its respective categories, the Company manufactures, imports, and distributes various sporting goods brands in basketball goals, archery, indoor and outdoor game recreation, and fitness products. The Company provides its products through sporting goods retailers, specialty dealers, on-line retailers, traditional department stores, and mass merchants. Escalade was founded in 1922 and is headquartered in Evansville, Indiana.
Stock Performance Snapshot
March 07, 2018 - At Wednesday's closing bell, Escalade's stock declined 1.12%, ending the trading session at $13.20.
Volume traded for the day: 8.98 thousand shares.
Stock performance in the last month - up 6.88%; previous six-month period - up 10.00%; past twelve-month period - up 2.33%; and year-to-date - up 7.32%
After yesterday's close, Escalade's market cap was at $185.33 million.
Price to Earnings (P/E) ratio was at 17.17.
The stock has a dividend yield of 3.79%.
The stock is part of the Consumer Goods sector, categorized under the Sporting Goods industry.
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