This Stock Has A 5.97% Yield And Sells For Less Than Book

Core Viewpoint - Macy's has been recognized as a Top 25 dividend stock, showcasing attractive valuation and strong profitability metrics [1][2]. Valuation Metrics - The current share price of Macy's is $12.23, which corresponds to a price-to-book ratio of 0.7 [1]. - The average company in the Dividend Channel's coverage universe has a price-to-book ratio of 2.5 [1]. Dividend Yield - Macy's offers an annual dividend yield of 5.97%, significantly higher than the average yield of 4.1% in the coverage universe [1]. - The annualized dividend paid by Macy's is $0.7296 per share, distributed quarterly [2]. Dividend History - Macy's has a strong quarterly dividend history, which is crucial for assessing the sustainability of its dividends [1][2]. - The most recent dividend ex-date was on June 13, 2025 [2]. Investment Appeal - The report emphasizes that value-oriented dividend investors are interested in companies that are both profitable and attractively valued, which Macy's exemplifies [2].