Dollarama Inc. (TSE:DOL) Plans Quarterly Dividend of $0.09

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Friday, May 3rd will be paid a dividend of 0.092 per share on Friday, May 3rd. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Thursday, April 18th. This is a boost from Dollarama’s previous quarterly dividend of $0.07.

Dollarama Stock Performance

Dollarama stock opened at C$111.60 on Wednesday. The company has a debt-to-equity ratio of 1,477.71, a quick ratio of 0.08 and a current ratio of 1.51. Dollarama has a fifty-two week low of C$80.81 and a fifty-two week high of C$114.81. The stock has a fifty day moving average of C$104.96 and a two-hundred day moving average of C$99.68. The company has a market capitalization of C$31.39 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.93 and a beta of 0.57.

Insiders Place Their Bets

In other news, Director Paul Roche sold 707 shares of Dollarama stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DOL has been the subject of a number of analyst reports. TD Securities boosted their price objective on shares of Dollarama from C$106.00 to C$113.00 and gave the company a “hold” rating in a research report on Friday, April 5th. National Bank Financial raised Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, March 13th. Wells Fargo & Company lowered their price objective on Dollarama from C$110.00 to C$105.00 in a research report on Thursday, January 4th. Scotiabank increased their target price on Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. Finally, National Bankshares lifted their price target on Dollarama from C$112.00 to C$120.00 in a report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$109.36.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.