Oxford Industries Raises Quarterly Dividend 1% to $0.70 Per Share
Oxford Industries (NYSE: OXM), the apparel company behind Tommy Bahama, Lilly Pulitzer and Johnny Was, declared a quarterly cash dividend of $0.70 per share, up from $0.6931 previously. The company has paid dividends every quarter since going public in 1960.
Oxford Industries, Inc. (NYSE: OXM), the apparel company behind Tommy Bahama, Lilly Pulitzer and Johnny Was, declared a quarterly cash dividend of $0.70 per share, representing a 1% increase over its previous dividend payment of $0.6931 per share. The board approved the dividend on March 23, 2026. Read more dividend announcements.
The dividend will be paid on May 1, 2026 to shareholders of record as of April 17, 2026. Oxford Industries has maintained an unbroken dividend streak since becoming publicly owned in 1960, a 66-year track record of returning cash to shareholders.
| Dividend Details | Date |
|---|---|
| Amount Per Share | $0.70 |
| Record Date | April 17, 2026 |
| Payment Date | May 1, 2026 |
| Previous Dividend | $0.6931 |
Financial Performance and Outlook
The dividend announcement came alongside the company's fourth quarter and full fiscal year 2025 results. Oxford Industries reported consolidated net sales of $1.48 billion for fiscal 2025, down 3% from $1.52 billion in fiscal 2024. The company posted a loss per share of $1.86 on a GAAP basis, compared to earnings of $5.87 per share in the prior year.
The fiscal 2025 results included $61 million in noncash impairment charges, or $3.02 per share, primarily related to the Johnny Was trademark. On an adjusted basis, earnings per share came in at $2.11 compared to $6.68 in fiscal 2024.
For the full fiscal year 2026, Oxford Industries expects net sales between $1.475 billion and $1.530 billion. The company projects GAAP earnings per share of $1.83 to $2.43 and adjusted earnings per share of $2.10 to $2.70.
The fiscal 2026 guidance incorporates an approximately $20 million, or $1.00 per share, impact from higher tariffs resulting from the International Emergency Economic Powers Act tariffs enacted in April 2025. Chairman and CEO Tom Chubb noted that momentum in the company's largest business, Tommy Bahama, improved as the fourth quarter progressed, with trends strengthening beginning in late January.
Cash flow from operations totaled $120 million in fiscal 2025, down from $194 million in fiscal 2024. The decrease reflected lower net earnings and working capital needs. Borrowings outstanding increased to $116 million at the end of fiscal 2025 as capital expenditures, share repurchases, dividends and working capital requirements exceeded cash flows from operations.
Capital expenditures of $108 million in fiscal 2025 decreased from $134 million in fiscal 2024, primarily due to fewer new retail store openings. The company spent $54 million on a new distribution center in Lyons, Georgia during fiscal 2025, with approximately $20 million of spending originally expected in fiscal 2025 now pushed to fiscal 2026.