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

Ermenegildo Zegna (NYSE:ZGN) announced an annual dividend on Tuesday, May 21st, Zacks reports. Investors 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 of this dividend 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 research 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 %

Shares of ZGN stock opened at $11.50 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 1.27. The business has a 50 day moving average of $12.29 and a two-hundred day moving average of $12.51. Ermenegildo Zegna has a 52 week low of $10.12 and a 52 week high of $16.36.

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.