Albertsons Companies, Inc. (ACI) to Distribute Quarterly Dividend of $0.17 on August 7th

Albertsons Companies, Inc. (NYSE:ACIGet Free Report) declared a quarterly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be given a dividend of 0.17 per share on Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, July 24th.

Albertsons Companies has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Albertsons Companies has a payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Albertsons Companies to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 30.4%.

Albertsons Companies Price Performance

NYSE:ACI opened at $14.55 on Thursday. The stock has a market capitalization of $7.13 billion, a PE ratio of 45.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.42. Albertsons Companies has a 52 week low of $13.16 and a 52 week high of $21.14. The company has a quick ratio of 0.20, a current ratio of 0.86 and a debt-to-equity ratio of 4.58. The stock’s 50-day moving average price is $15.16 and its 200-day moving average price is $16.52.

Albertsons Companies (NYSE:ACIGet Free Report) last posted its quarterly earnings data on Tuesday, April 14th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $20.25 billion during the quarter, compared to analysts’ expectations of $20.49 billion. Albertsons Companies had a return on equity of 42.75% and a net margin of 0.26%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 earnings per share. As a group, equities analysts expect that Albertsons Companies will post 2.11 EPS for the current fiscal year.

Albertsons Companies Company Profile

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Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.

Further Reading

Dividend History for Albertsons Companies (NYSE:ACI)

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