Loblaw Companies Limited (TSE:L – Get Free Report) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.1552 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, June 15th. This is a 10.0% increase from Loblaw Companies’s previous quarterly dividend of $0.14.
Loblaw Companies Price Performance
Shares of TSE L traded down C$1.68 during mid-day trading on Friday, hitting C$65.00. 1,266,398 shares of the company’s stock traded hands, compared to its average volume of 1,367,591. The company’s 50-day moving average is C$62.41 and its two-hundred day moving average is C$62.91. The company has a debt-to-equity ratio of 153.41, a current ratio of 1.09 and a quick ratio of 0.68. The company has a market capitalization of C$75.65 billion, a P/E ratio of 28.26, a PEG ratio of 3.23 and a beta of 0.15. Loblaw Companies has a 1 year low of C$52.92 and a 1 year high of C$69.59.
Loblaw Companies (TSE:L – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$0.52 earnings per share (EPS) for the quarter. The firm had revenue of C$14.48 billion for the quarter. Loblaw Companies had a net margin of 4.29% and a return on equity of 24.88%. On average, equities analysts anticipate that Loblaw Companies will post 9.1225541 EPS for the current fiscal year.
About Loblaw Companies
Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.
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