5 Best April Dividend Stocks To Buy

4. The Buckle, Inc. (NYSE:BKE)

Ex-Dividend Date: April 13
Dividend Yield as of March 31: 4.02%

The Buckle, Inc. (NYSE:BKE) is a Nebraska-based fashion retailer that sells clothing, footwear, and accessories. On March 21, the company declared a quarterly dividend of $0.35 per share, which was in line with its previous dividend. The stock will go ex-dividend on April 13. It has been raising its dividends consistently for the past 3 years. The stock’s dividend yield came in at 4.02% on March 31.

In the fourth quarter of 2022, The Buckle, Inc. (NYSE:BKE) reported revenue of $401.8 million, which showed a 5.5% growth from the same period last year. At the end of January 2023, the company had over $252 million available in cash and cash equivalents.

At the end of Q4 2022, 20 hedge funds tracked by Insider Monkey reported having stakes in The Buckle, Inc. (NYSE:BKE), compared with 23 in the previous quarter. The collective value of these stakes is over $110.6 million.

Miller Value Partners mentioned The Buckle, Inc. (NYSE:BKE) in its Q4 2022 investor letter. Here is what the firm has to say:

“The Buckle, Inc. (NYSE:BKE) was the top contributor for the quarter. The company reported 3Q23 net sales of $332.3MM, +4.0% year-over-year (Y/Y), ahead of consensus of $326.7MM, and earnings per share (EPS) of $1.24, -1.6% Y/Y, ahead of analyst expectations for EPS of $1.19. Comparable store sales and online sales increased 3.0% and 8.8% Y/Y, respectively, during the quarter. Inventory rose +49.2% Y/Y and +18.6% sequentially to $152.3MM, as of quarter-end, while gross margin expanded +163bps sequentially to 49.8%. The company also reported that December net sales grew 7.9% Y/Y, bringing fiscal year-to-date (YTD) net sales as of 12/31/22 to $1.28B, or +3.7% Y/Y.”