Ermenegildo Zegna (NYSE:ZGN) Increases Dividend to $0.12 Per Share

Ermenegildo Zegna (NYSE:ZGN) declared an annual dividend on Tuesday, May 21st, Zacks reports. Investors of record on Friday, July 5th will be given a dividend of 0.12 per share on Tuesday, July 30th. This represents a yield of 1.01%. The ex-dividend date of this dividend is Friday, July 5th. This is a positive change from Ermenegildo Zegna’s previous annual dividend of $0.10.

Ermenegildo Zegna has a dividend payout ratio of 18.2% meaning 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 Price Performance

Shares of NYSE:ZGN opened at $11.62 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.27 and a quick ratio of 0.76. Ermenegildo Zegna has a 1-year low of $10.12 and a 1-year high of $16.36. The business has a 50-day moving average price of $12.28 and a two-hundred day moving average price of $12.50.

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.