Ermenegildo Zegna (ZGN) to Issue Annual Dividend of $0.12 on July 30th

Ermenegildo Zegna (NYSE:ZGN) declared an annual dividend on Tuesday, May 21st, Zacks reports. Stockholders of record on Friday, July 5th will be given 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 an increase from Ermenegildo Zegna’s previous annual dividend of $0.10.

Ermenegildo Zegna has a payout ratio of 18.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 0.8 %

Ermenegildo Zegna stock traded up $0.09 during midday trading on Wednesday, reaching $11.59. The stock had a trading volume of 20,839 shares, compared to its average volume of 578,376. Ermenegildo Zegna has a 12 month low of $10.12 and a 12 month high of $16.36. The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $12.29 and its 200 day moving average price is $12.51.

About Ermenegildo Zegna

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.