Is Nordstrom A Safe Dividend Stock After Lowered Guidance?

Sep. 07, 2022 8:45 AM ETNordstrom, Inc. (JWN) StockJWN
The Alpha Sieve
4.46K Followers

Summary

  • Nordstrom currently offers a very attractive forward yield but could this be at risk given a weak outlook?
  • We investigate if Nordstrom can cover its dividend bill.
  • Nordstrom’s valuations look attractive and it may prove to be one of the chief rotational candidates in the retail space.
Nordstrom Hosts Chelsea Cutler For An Exclusive Performance To Celebrate The Launch Of Free People"s We The Free Collection

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Key Metrics

The stock of fashion retailer - Nordstrom Inc (JWN) - has gone through a rough ride over the past few weeks; since the announcement of its Q2 results on the 23rd of August, the JWN stock has lost 23% of its

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4.46K Followers
Investment research, primarily oriented towards uncelebrated/under-covered stocks and ETFs, across North America, Europe and Asia. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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