American Eagle Outfitters (AEO) announces 31% increase in dividend
Category: American Eagle Outfitters (AEO)
Date: 1 July 2021 Stock price of AEO : $37.52 Market Capital Of American Eagle Outfitters: $6.3 billion We take a look at the press release from American Eagle Outfitters (AEO) in which the group announced a 31% in their dividend showing confidence in the business and its financial health.
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I am pleased to announce a material increase to our dividend today. Following a record first quarter result, the increase reflects our confidence in the growth potential of our leading brands and profit flow through fueled by our Real Power.- Jay Schottenstein, AEO’s Executive Chairman of the Board and Chief Executive Officer."
More About American Eagle Outfitters (AEO)
American Eagle Outfitters, Inc. was founded in 1977. We are a leading multi-brand specialty retailer, and we operate and license over 1,300 retail stores and are online at www.ae.com and www.aerie.com in the United States and internationally. Our brands are connected under the core tenet of REAL, which is inclusive, optimistic and celebrates self-expression.
Our purpose is to show the world that there’s REAL power in the optimism of youth. We offer a broad assortment of high quality, on-trend apparel and accessories at affordable prices for men and women under the American Eagle brand, and intimates, apparel and personal care products for women under the Aerie brand. We sell directly to consumers through our retail channel, which includes our stores and concession-based shop-within-shops. We operate stores in the United States, Canada, Mexico, and Hong Kong. As of February 1, 2020, we operated 940 American Eagle stores and 148 Aerie stand-alone stores. We also have license agreements with third parties to operate American Eagle and Aerie stores throughout Asia, Europe, India, Latin America, and the Middle East. Our licensed store base has grown to 217 locations in 24 countries. We also operate Tailgate, a vintage, sports-inspired apparel brand, and Todd Snyder New York (“Todd Snyder”), a premium menswear brand
Our purpose is to show the world that there’s REAL power in the optimism of youth. We offer a broad assortment of high quality, on-trend apparel and accessories at affordable prices for men and women under the American Eagle brand, and intimates, apparel and personal care products for women under the Aerie brand. We sell directly to consumers through our retail channel, which includes our stores and concession-based shop-within-shops. We operate stores in the United States, Canada, Mexico, and Hong Kong. As of February 1, 2020, we operated 940 American Eagle stores and 148 Aerie stand-alone stores. We also have license agreements with third parties to operate American Eagle and Aerie stores throughout Asia, Europe, India, Latin America, and the Middle East. Our licensed store base has grown to 217 locations in 24 countries. We also operate Tailgate, a vintage, sports-inspired apparel brand, and Todd Snyder New York (“Todd Snyder”), a premium menswear brand
Brands of American Eagle Outfitters
American Eagle
We are an American brand rooted in our denim heritage and passionate about providing the highest-quality products. Since 1977, American Eagle (or “AE”) has offered an assortment of specialty apparel and accessories for women and men that enables self-expression and empowers our customers to celebrate their individuality. The brand has broadened its leadership in jeans by producing innovative fabric with options for all styles and fits at a value. We aren’t just passionate about making great clothing; we’re passionate about making real connections with the people who wear them. Our AE brand includes Tailgate, our vintage, sports-inspired apparel clothing brand. Our Tailgate stores follow a college town store concept. As of February 1, 2020, we operated 940 AE stores and 5 Tailgate stores. We offer AE and Tailgate products online at www.ae.com.
Aerie
Aerie is a lifestyle brand offering intimates, apparel, active wear, and swim collections. With the #AerieREAL™ movement, Aerie celebrates its community by advocating for body positivity and the empowerment of all women. Aerie believes in inspiring customers to love their real selves, inside and out. As of February 1, 2020, we operated 148 Aerie brand stand-alone stores and 174 side-by-side stores connected to AE brand stores. In addition, Aerie brand merchandise is sold online at www.aerie.com and certain items are sold in AE brand stores.
Todd Snyder
New York Todd Snyder New York is a premium menswear brand. The Todd Snyder collections are informed by heritage yet updated for today, with an emphasis on versatility and comfort. As of February 1, 2020, we operated two Todd Snyder stores. We offer Todd Snyder products online at www.ToddSnyder.com
We are an American brand rooted in our denim heritage and passionate about providing the highest-quality products. Since 1977, American Eagle (or “AE”) has offered an assortment of specialty apparel and accessories for women and men that enables self-expression and empowers our customers to celebrate their individuality. The brand has broadened its leadership in jeans by producing innovative fabric with options for all styles and fits at a value. We aren’t just passionate about making great clothing; we’re passionate about making real connections with the people who wear them. Our AE brand includes Tailgate, our vintage, sports-inspired apparel clothing brand. Our Tailgate stores follow a college town store concept. As of February 1, 2020, we operated 940 AE stores and 5 Tailgate stores. We offer AE and Tailgate products online at www.ae.com.
Aerie
Aerie is a lifestyle brand offering intimates, apparel, active wear, and swim collections. With the #AerieREAL™ movement, Aerie celebrates its community by advocating for body positivity and the empowerment of all women. Aerie believes in inspiring customers to love their real selves, inside and out. As of February 1, 2020, we operated 148 Aerie brand stand-alone stores and 174 side-by-side stores connected to AE brand stores. In addition, Aerie brand merchandise is sold online at www.aerie.com and certain items are sold in AE brand stores.
Todd Snyder
New York Todd Snyder New York is a premium menswear brand. The Todd Snyder collections are informed by heritage yet updated for today, with an emphasis on versatility and comfort. As of February 1, 2020, we operated two Todd Snyder stores. We offer Todd Snyder products online at www.ToddSnyder.com
American Eagle Outfitters announces dividend increse
PITTSBURGH--(BUSINESS WIRE)-- The Board of Directors of American Eagle Outfitters, Inc. (NYSE: AEO) today approved a 31% increase in the quarterly cash dividend to $0.18 per share.
The quarterly dividend is equivalent to an annual dividend of $0.72 per share, up from $0.55 per share previously. The second quarter dividend is payable on July 23, 2021 to stockholders of record at the close of business on July 9, 2021.
“I am pleased to announce a material increase to our dividend today. Following a record first quarter result, the increase reflects our confidence in the growth potential of our leading brands and profit flow through fueled by our Real Power. Real Growth. value creation plan. We are well-positioned to sustain solid cash flow and remain committed to generating strong shareholder returns,” said Jay Schottenstein, AEO’s Executive Chairman of the Board and Chief Executive Officer.
The quarterly dividend is equivalent to an annual dividend of $0.72 per share, up from $0.55 per share previously. The second quarter dividend is payable on July 23, 2021 to stockholders of record at the close of business on July 9, 2021.
“I am pleased to announce a material increase to our dividend today. Following a record first quarter result, the increase reflects our confidence in the growth potential of our leading brands and profit flow through fueled by our Real Power. Real Growth. value creation plan. We are well-positioned to sustain solid cash flow and remain committed to generating strong shareholder returns,” said Jay Schottenstein, AEO’s Executive Chairman of the Board and Chief Executive Officer.
American Eagle Outfitters (AEO) stock price chart over the last 5 years
The image below shows the stock price history of American Eagle Outfitters (AEO) over the last 5 years. And its been good time for AEO stockholders, with the stock increasing by 111.7% over the last 5 years. No investor would say no to those type of returns
The stock of American Eagle Outfitters is trading at a lot closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of American Eagle Outfitters (AEO) stock is positive at this point in time
The stock of American Eagle Outfitters is trading at a lot closer to its 52 week high than it is to its 52 week low which is a clear indication that the short term sentiment and momentum of American Eagle Outfitters (AEO) stock is positive at this point in time
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