Dollarama Inc. (TSE:DOL) Plans Quarterly Dividend of $0.12

Dollarama Inc. (TSE:DOL – Get Free Report) announced a quarterly dividend on Friday, October 9th. Investors of record on Friday, November 6th will be given a dividend of $0.12 per share on Friday, November 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 9th.

Dollarama Trading Up 1.6%

Shares of DOL opened at C$186.03 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.08 and a debt-to-equity ratio of 399.63. The firm’s 50-day moving average is C$182.29 and its two-hundred day moving average is C$180.38. Dollarama has a twelve month low of C$163.25 and a twelve month high of C$209.96. The firm has a market capitalization of C$49.92 billion, a P/E ratio of 37.36, a PEG ratio of 1.93 and a beta of 0.34.

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Dollarama (TSE:DOL – Get Free Report) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share (EPS) for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. The company had revenue of C$2.03 billion during the quarter. On average, research analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DOL has been the topic of a number of research reports. Stifel Nicolaus upped their price target on Dollarama from C$190.00 to C$215.00 in a report on Friday, June 12th. National Bank Financial boosted their target price on Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th. Canadian Imperial Bank of Commerce boosted their target price on Dollarama from C$202.00 to C$228.00 in a research report on Friday, June 12th. TD lowered their target price on Dollarama from C$227.00 to C$217.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Finally, Scotiabank dropped their price target on Dollarama from C$220.00 to C$210.00 in a research report on Monday, September 21st. Ten equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Dollarama currently has an average rating of “Moderate Buy” and an average price target of C$215.12.

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About Dollarama

(Get Free Report)

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.

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