Buckle sets $0.35 quarterly dividend, appoints new VP

Published 25/03/2025, 11:54
Buckle sets $0.35 quarterly dividend, appoints new VP

KEARNEY, Neb. - The Buckle, Inc. (NYSE: BKE), a specialty retailer known for its denim selection, has declared a quarterly dividend of $0.35 per share, to be paid to shareholders on record as of April 15, 2025. The payment is scheduled for April 29, 2025, following the Board of Directors’ meeting on Monday. The company maintains an impressive 9.76% dividend yield and has consistently paid dividends for 23 consecutive years, according to InvestingPro data.

In addition to the dividend announcement, Buckle has appointed Justin D. Ellison as Vice President of Information Security, effective since February 28, 2025. Ellison, a long-standing employee since December 2005, previously held the position of Senior Director of Information Security.

Dennis H. Nelson, President and CEO of Buckle, praised Ellison’s contributions to the company, highlighting his nearly two decades of service and his role in enhancing cybersecurity measures and strategic initiatives.

Buckle operates 440 retail stores across 42 states, focusing on providing exceptional service and style. The company offers a mix of apparel, accessories, and footwear, with an emphasis on denim through its exclusive brand, BKE.

This news is based on a press release statement, and it should be noted that forward-looking statements from the company are subject to various risks and uncertainties. These factors, which may be beyond the company’s control, could impact future performance and financial results, as outlined in filings with the Securities and Exchange Commission. The company does not commit to publicly updating any forward-looking statements. For the most current financial analysis and real-time metrics, investors can access the full BKE company profile on InvestingPro.

In other recent news, Buckle, Inc. reported its fourth-quarter 2025 earnings, exceeding Wall Street expectations with an earnings per share (EPS) of $1.53, surpassing the forecasted $1.38. The company’s revenue reached $379.2 million, slightly above the anticipated $373.6 million. Online sales showed significant growth, increasing by 12% to $69.7 million, while private label sales, especially in women’s denim, grew by over 20%. Despite these positive results, UBS analysts have adjusted their outlook on Buckle, reducing the stock price target to $41 from $43, maintaining a Neutral rating. UBS expressed concerns over Buckle’s financial year 2025 projections due to weakening trends observed in February and potential tariff-related challenges. They anticipate these factors may impact the company’s margin recovery and EPS growth. Looking forward, UBS projects an EPS increase at a compound annual growth rate of 4% over four years, but they see limited potential for the stock to exceed the new price target. These developments reflect a mix of positive quarterly performance and cautious future outlooks for Buckle.

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