Loblaw Companies Ltd Declares Quarterly Dividend of $0.30 (L)

Loblaw Companies Ltd (TSE:L) announced a quarterly dividend on Thursday, December 13th, TickerTech reports. Shareholders of record on Sunday, December 30th will be paid a dividend of 0.295 per share on Sunday, December 30th. This represents a $1.18 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Thursday, December 13th.

L stock traded down C$1.02 during midday trading on Friday, hitting C$61.01. The company’s stock had a trading volume of 951,600 shares, compared to its average volume of 662,117. The company has a current ratio of 1.19, a quick ratio of 0.61 and a debt-to-equity ratio of 123.99. Loblaw Companies has a twelve month low of C$50.22 and a twelve month high of C$63.19.

Loblaw Companies (TSE:L) last issued its quarterly earnings results on Wednesday, November 14th. The company reported C$1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.41 by C$0.08. The business had revenue of C$14.45 billion during the quarter. On average, equities research analysts predict that Loblaw Companies will post 4.38000014680769 earnings per share for the current fiscal year.

In other Loblaw Companies news, insider Sarah Ruth Davis sold 58,957 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of C$58.54, for a total value of C$3,451,342.78. Also, Director William Downe acquired 6,000 shares of the business’s stock in a transaction on Thursday, November 29th. The stock was acquired at an average cost of C$60.85 per share, with a total value of C$365,100.00. Insiders sold a total of 107,242 shares of company stock valued at $6,455,615 in the last three months.

L has been the topic of several recent analyst reports. National Bank Financial boosted their price objective on shares of Loblaw Companies from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Wednesday, September 5th. CIBC lifted their target price on shares of Loblaw Companies from C$81.00 to C$82.00 in a report on Wednesday, September 5th. Royal Bank of Canada reduced their target price on shares of Loblaw Companies from C$84.00 to C$73.00 and set an “outperform” rating for the company in a report on Friday, November 2nd. TD Securities reduced their target price on shares of Loblaw Companies from C$82.00 to C$69.00 in a report on Friday, November 2nd. Finally, BMO Capital Markets reduced their target price on shares of Loblaw Companies from C$82.00 to C$70.00 and set an “outperform” rating for the company in a report on Wednesday, November 7th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$68.22.

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About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.

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Dividend History for Loblaw Companies (TSE:L)

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