Sleep Country Canada Holdings Inc (ZZZ) Plans Quarterly Dividend of $0.20

Sleep Country Canada Holdings Inc (TSE:ZZZ) declared a quarterly dividend on Friday, May 17th, TickerTech reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.195 per share on Friday, May 31st. This represents a $0.78 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from Sleep Country Canada’s previous quarterly dividend of $0.19.

Shares of TSE ZZZ opened at C$19.54 on Thursday. The stock has a market capitalization of $721.02 million and a PE ratio of 12.29. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 167.76. Sleep Country Canada has a 52 week low of C$16.01 and a 52 week high of C$35.13.

Sleep Country Canada (TSE:ZZZ) last issued its earnings results on Tuesday, February 26th. The company reported C$0.40 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.42 by C($0.02). The firm had revenue of C$160.10 million for the quarter, compared to analyst estimates of C$162.90 million. As a group, equities research analysts predict that Sleep Country Canada will post 2 EPS for the current fiscal year.

ZZZ has been the subject of a number of recent research reports. National Bank Financial reduced their target price on shares of Sleep Country Canada from C$26.00 to C$24.00 and set a “sector perform” rating for the company in a research report on Thursday, February 28th. Royal Bank of Canada reduced their target price on shares of Sleep Country Canada from C$31.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, February 28th. CIBC reduced their target price on shares of Sleep Country Canada from C$25.00 to C$21.00 and set a “hold” rating for the company in a research report on Thursday, February 28th. TD Securities reduced their target price on shares of Sleep Country Canada from C$27.00 to C$23.00 and set a “hold” rating for the company in a research report on Thursday, February 28th. Finally, Raymond James reiterated an “outperform” rating and issued a C$32.00 target price on shares of Sleep Country Canada in a research report on Tuesday, February 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$24.19.

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About Sleep Country Canada

Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.

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Dividend History for Sleep Country Canada (TSE:ZZZ)

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