The Buckle's Quarterly Dividend Offers 4.10% Yield

The Buckle, Inc.

revealed that its Board of Directors has authorized a $0.25 per share as quarterly dividend. This worked out to $1.00 a share on an annualized basis. The dividend offered a yield of 4.10 percent. The Buckle said that the dividend would be paid to its shareholders on July 27 and that it has fixed the recorded as July 15 for determining the names of the eligible shareholders to get the dividend. The dividend payout ratio also worked out to about 64 percent, which was lower than the five-year average payout ratio of 97.0 percent. The company has been boosting its dividend rate only in the last two-year period. The stock traded 1.23 percent higher on Tuesday.