KEARNEY, Neb. - The Buckle, Inc. (NYSE: NYSE:BKE), a specialty retailer known for its denim and apparel offerings, declared a quarterly dividend of $0.35 per share on Monday. The payment is scheduled for shareholders of record as of October 11, 2024, with the dividend being disbursed on October 25, 2024.
This move by the Board of Directors comes as the company continues to serve its customer base across 441 retail stores in 42 states. Buckle prides itself on a selection of high-quality, on-trend clothing, accessories, and footwear, catering to customers seeking a styled living experience. Its stores feature a variety of denim brands, including the company's exclusive brand, BKE.
In alignment with the Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995, Buckle acknowledges that forward-looking statements involve risks and uncertainties. Factors beyond the company's control could affect future performance and financial outcomes, potentially diverging from current projections. These factors are detailed in filings with the Securities and Exchange Commission. Buckle has expressed that it does not commit to publicly updating forward-looking statements, even if subsequent events indicate that the anticipated results may not be achieved.
This dividend announcement is based on a press release statement from The Buckle, Inc. and reflects the company's current financial strategies and shareholder value distribution practices.
In other recent news, The Buckle, Inc. reported noteworthy developments. The company recorded robust second-quarter earnings and revenue, surpassing analyst projections. The adjusted earnings per share were reported at $0.78, beating the analyst consensus of $0.76, and revenue reached $282.4 million, exceeding expectations of $272.41 million. Despite these positive figures, the company observed a decrease in sales by 3.4% compared to the same quarter last year, with comparable store sales and online sales also experiencing a drop.
In terms of monthly sales, The Buckle presented mixed results for August 2024. While comparable store net sales for the 4-week period saw a slight rise of 1.7 percent from the same period in the prior year, total net sales for the month fell by 6.6 percent to $105.1 million. Additionally, for the 30-week period ended August 31, 2024, the retailer reported a downturn, with comparable store net sales declining by 6.3 percent and total net sales dropping 5.5 percent to $650.0 million.
These recent developments underline the company's resilience amid a challenging retail environment. As always, these financial results and future performance are subject to risks and uncertainties, some of which are beyond the company's control.
InvestingPro Insights
The Buckle, Inc.'s recent dividend announcement aligns with its history of returning value to its shareholders. The company is not only known for its robust gross profit margins, which stood at an impressive 58.83% over the last twelve months as of Q2 2025, but also for its consistency in dividend payments, having maintained them for an astonishing 22 consecutive years. This demonstrates a strong commitment to shareholder returns, a factor that income-focused investors often seek.
InvestingPro data further reveals that Buckle operates with a moderate level of debt and has managed to keep its liquid assets above short-term obligations, underscoring the company's financial stability. Additionally, with a market capitalization of $2.07 billion and a Price/Earnings (P/E) ratio of 10, which is in line with the last twelve months as of Q2 2025, Buckle presents itself as a company with a balanced valuation in the market.
Moreover, Buckle's dividend yield as of 2024 was a significant 9.38%, highlighting the company's substantial dividend to shareholders. This is complemented by a strong return over the last three months, with a price total return of 15.84%, indicating positive short-term performance. Investors considering Buckle's stock can access additional InvestingPro Tips, including insights into the company's Price/Book multiple and profitability predictions for the year, at InvestingPro. In total, there are 10 additional InvestingPro Tips available, providing a comprehensive analysis for those looking to make an informed investment decision.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.