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Jim Trippon is a certified genius, a member of MENSA, and the epitome of the “Overachieving Entrepreneur.” He’s an internationally renowned and globally experienced investment expert, dedicated to finding undervalued, “under the radar” investments for his worldwide clients and subscribers. He... More
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  • Strong Earnings Report, Outlook Help Williams-Sonoma Boost Dividend 0 comments
    Mar 23, 2010 10:55 AM | about stocks: WSM

    Williams Sonoma Hikes Dividends On Higher Earnings

    Strong Earnings Report, Outlook Help Williams-Sonoma Boost Dividend
    About: Williams-Sonoma (NYSE: WSM), Williams-Sonoma, quarterly dividend, Dividend Genius, dividend stock, stock dividend, dividend stocks, stock dividends Bookmark and Share

    Williams-Sonoma (NYSE: WSM), the home furnishings retailer, reported stellar fourth-quarter results that blew away analyst estimates and issued a robust outlook for 2010. The company said it earned $88.4 million, or 81 cents a share, compared with $12.2 million, or 12 cents a share, a year earlier. Excluding items, Williams-Sonoma earned 86 cents a share, well ahead of the consensus estimate of 74 cents. Sales rose 8.1% to $1.1 billion from $1 billion.

    On top of that, Williams-Sonoma said it expects 2010 earnings to rise 22% to 33% to $1.16 to $1.26 a share. Revenue is expected to rise 6% to $3.2 billion to $3.3 billion. Analysts are currently expecting earnings of $1.02 a share on sales of $3.2 billion.

    And as of that wasn't enough good news, California-based company will raise its quarterly dividend to 13 cents a share from 12 cents. The new dividend is payable on May 24th to shareholders of record on April 27th. The stock touched a new 52-week high of $27.27 on Monday before closing at $27.10. The shares have more than doubled in the past year.

    Have You Checked Out Our FREE Trial Of Dividend Genius? 7 Day FREE Trial of Dividend Genius ~ Smart Research On High Yield Stocks: http://www.dividendgenius.com/public/department73.cfm

    Disclosure: no positions
    Stocks: WSM
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