Caleres Announces Quarterly Dividend of $0.07 Per Share
Caleres (CAL) has declared a quarterly dividend of $0.07 per share, consistent with its previous payout. The forward yield is 2.23%, and the payment will be made on September 25 to shareholders of record as of September 11. This announcement aligns with Caleres' ongoing strategy to maintain stable dividends for investors. The company also provided an updated outlook, expecting GAAP earnings per share (EPS) in 2026 between $1.44 and $1.69. Additionally, it anticipates mid- to high-single-digit sales growth in the second quarter of this year. Despite challenges faced by its retail arm Famous Footwear, Caleres delivered a Q1 beat. Analysts have noted that while Caleres is fairly priced with a low multiple justified by leverage risk, there are signs pointing toward improved performance and investor optimism.
Tickers: $CAL