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re: Cracker Barrel (CBRL) 52 week low today, $1.30 dividend, goes EX-Dividend tomorrow

Posted on 4/10/24 at 5:18 pm to
Posted by BCreed1
Alabama
Member since Jan 2024
2417 posts
Posted on 4/10/24 at 5:18 pm to
quote:

What is their dividend coverage ratio right now?



They have increased their Dividend over the past since 1993.


Per marketbeat "and 25.99% expected annual dividend increase are based on information we have on file for Cracker Barrel Old Country Store."


While nothing is a 100% in the market, their history is just too long to ignore.


Posted by frogtown
Member since Aug 2017
5115 posts
Posted on 4/10/24 at 5:55 pm to
quote:

They have increased their Dividend over the past since 1993.


Doesn't matter. There is a reason that this stock that was at $150 a few years back is now at $60. Investors are expecting the dividend to be cut. Period. Wise up.

"Cracker Barrel (NASDAQ:CBRL) paid its last dividend on Feb. 13 at $1.30 per share, an amount that has persisted since 2019 and contributes to Cracker Barrel’s current yield of 7.95%. Consistency is important for dividend stocks. However, looking closely at Cracker Barrel’s recent financial performance over the last year, there is room for doubt.

Cracker Barrel paid out 94% of its cash flow in dividends and over 116% of its profit from last year. These two indicators tell us the percentage of earnings a company pays shareholders dividends. And in Cracker Barrel’s case, these numbers are pretty high."
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