Dollarama Inc Plans Quarterly Dividend of $0.11 (DOL)
Dollarama Inc (TSE:DOL) declared a quarterly dividend on Wednesday, July 5th, TickerTech reports. Stockholders of record on Wednesday, August 2nd will be paid a dividend of 0.11 per share on Wednesday, August 2nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, July 5th.
Dollarama (DOL) traded up 0.84% during trading on Monday, hitting $122.48. The stock had a trading volume of 217,458 shares. Dollarama has a 1-year low of $90.76 and a 1-year high of $132.34. The stock’s 50-day moving average price is $123.80 and its 200-day moving average price is $109.80. The company has a market capitalization of $13.91 billion and a P/E ratio of 31.71.
Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. Dollarama had a net margin of 13.43% and a return on equity of 559.12%. The company had revenue of $704.95 million for the quarter, compared to analyst estimates of $712.60 million. Analysts expect that Dollarama will post $4.33 earnings per share for the current year.
In related news, insider Michael Ross sold 17,000 shares of Dollarama stock in a transaction dated Tuesday, April 11th. The stock was sold at an average price of C$115.55, for a total value of C$1,964,350.00. Also, Director Josée Kouri sold 8,000 shares of Dollarama stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of C$117.03, for a total value of C$936,240.00.
ILLEGAL ACTIVITY WARNING: “Dollarama Inc Plans Quarterly Dividend of $0.11 (DOL)” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/07/10/dollarama-inc-dol-declares-0-11-quarterly-dividend-updated.html.
Several equities analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Dollarama from C$138.00 to C$139.00 and gave the stock an “outperform” rating in a research note on Thursday, June 8th. Raymond James Financial, Inc. boosted their price objective on shares of Dollarama from C$135.00 to C$140.00 in a research report on Thursday, June 8th. TD Securities upped their price target on shares of Dollarama from C$125.00 to C$135.00 in a research report on Thursday, June 8th. CIBC upped their price target on shares of Dollarama from C$125.00 to C$141.00 in a research note on Thursday, June 8th. Finally, Desjardins cut shares of Dollarama from a “buy” rating to a “hold” rating and raised their price target for the stock from C$120.00 to C$134.00 in a research note on Thursday, June 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$134.00.
Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
Receive News & Stock Ratings for Dollarama Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama Inc and related stocks with our FREE daily email newsletter.