Loblaw Companies Limited (TSE:L) declared a quarterly dividend on Wednesday, November 16th. Shareholders of record on Thursday, December 15th will be paid a dividend of 0.26 per share on Friday, December 30th. This represents a $1.04 dividend on an annualized basis and a yield of 1.61%.

Loblaw Companies Limited (TSE:L) opened at 64.80 on Wednesday. The firm has a 50-day moving average price of $66.11 and a 200-day moving average price of $69.43. Loblaw Companies Limited has a one year low of $61.25 and a one year high of $74.59. The firm has a market capitalization of $26.20 billion and a P/E ratio of 41.30.

Dividend History for Loblaw Companies Limited (TSE:L)

A number of research firms have recently commented on L. Desjardins increased their price objective on Loblaw Companies Limited from C$77.00 to C$80.00 in a report on Thursday, July 28th. National Bank Financial increased their price objective on Loblaw Companies Limited from C$74.00 to C$77.00 in a report on Thursday, July 28th. Raymond James Financial Inc. raised their price target on Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. CIBC raised their price target on Loblaw Companies Limited from C$80.00 to C$81.00 in a research note on Thursday, July 28th. Finally, Royal Bank Of Canada raised their price target on Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of C$78.83.

About Loblaw Companies Limited

Loblaw Companies Limited (Loblaw) is a Canada-based holding company. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial products and services. The Company operates through three segments: Retail, Financial Services and Choice Properties.

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