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Destination XL Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men's clothing and shoes in the United States and Canada. Its stores offer sportswear and dresswear; fashion-neutral items, including jeans, casual slacks, T-shirts, polo shirts, dress shirts, and suit separates; and casual clothing. It also provides tailored-related separates, blazers, dress slacks, dress shirts, and neckwear; and vintage-screen T-shirts and wovens under various private labels. The company offers its products under the trade names of Destination XL, DXL, DXL Men's Apparel, DXL outlets, Casual Male XL, and Casual Male XL outlets. As of January 29, 2022, it operated 220 DXL retail stores, 16 DXL outlet stores, 35 Casual Male XL retail stores, and 19 Casual Male XL outlet stores; an e-commerce site, dxl.com; a mobile site, m.destinationXL.com; and mobile app. The company was formerly known as Casual Male Retail Group, Inc. and changed its name to Destination XL Group, Inc. in February 2013. Destination XL Group, Inc. was incorporated in 1976 and is headquartered in Canton, Massachusetts.

Destination XL Dividend Announcement

• Destination XL does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Destination XL dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Destination XL Dividend History

Destination XL Dividend Yield

Destination XL current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Destination XL stock? Use our calculator to estimate your expected dividend yield:

Destination XL Financial Ratios

P/E ratio15.53
PEG ratio0.16
P/B ratio1.03
ROE6.35%
Payout ratio0.00%
Current ratio1.57
Quick ratio0.57
Cash Ratio0.08

Destination XL Dividend FAQ

Does Destination XL stock pay dividends?
Destination XL does not currently pay dividends to its shareholders.
Has Destination XL ever paid a dividend?
No, Destination XL has no a history of paying dividends to its shareholders. Destination XL is not known for its dividend payments.
Why doesn't Destination XL pay dividends?
There are several potential reasons why Destination XL would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Destination XL ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Destination XL has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Destination XL a dividend aristocrat?
Destination XL is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Destination XL a dividend king?
Destination XL is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Destination XL a dividend stock?
No, Destination XL is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Destination XL stocks?
To buy Destination XL you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Destination XL stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.