Albertsons Companies, Inc. (NYSE:ACI – Get Free Report) declared a quarterly dividend on Tuesday, April 14th. Stockholders of record on Friday, April 24th will be given a dividend of 0.17 per share on Friday, May 8th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, April 24th. This is a 13.3% increase from Albertsons Companies’s previous quarterly dividend of $0.15.
Albertsons Companies has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Albertsons Companies to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.0%.
Albertsons Companies Stock Performance
Shares of NYSE ACI traded down $0.49 during midday trading on Tuesday, hitting $16.36. The company’s stock had a trading volume of 13,735,604 shares, compared to its average volume of 7,443,058. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. Albertsons Companies has a 1-year low of $15.80 and a 1-year high of $22.78. The firm’s fifty day moving average price is $17.56 and its 200-day moving average price is $17.60. The firm has a market cap of $8.41 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.49 and a beta of 0.45.
About Albertsons Companies
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.
Read More
Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter.
