Reitmans Limited (RET) Stock Price Down 5.3%
Shares of Reitmans Limited (TSE:RET) traded down 5.3% during trading on Monday . The stock traded as low as C$4.10 and last traded at C$4.11. 3,150 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 3,185 shares. The stock had previously closed at C$4.34.
The company’s 50 day moving average is $4.24 and its 200 day moving average is $4.69. The stock has a market capitalization of $269.15 million and a P/E ratio of 26.56.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.71%. The ex-dividend date is Wednesday, October 11th.
About Reitmans Limited
Reitmans (Canada) Limited is a Canada-based company, which is engaged in the sale of ladies’ specialty apparel to consumers through its retail banners. The Company has stores located in malls and retail power centers across Canada. The Company operates under banners, including Reitmans, which is a women’s apparel specialty chain and fashion brand that operates over 330 stores; Penningtons, which offers products under plus-size fashion sizes 14 to 32 and operates over 130 stores; Addition Elle, which offers products for plus-size women and operates over 110 stores; RW & CO., which offers fashions for men and women with approximately 80 stores; Thyme Maternity, which is a brand for moms-to-be with over 70 stores, and offers a complete line of nursing fashions and accessories; Hyba, which offers activewear and yoga clothes for exercising or sports and operates approximately 20 stores, and Smart Set.
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