Dollarama Inc. (TSE:DOL)’s share price reached a new 52-week high during trading on Monday . The company traded as high as C$154.88 and last traded at C$151.37, with a volume of 411125 shares trading hands. The stock had previously closed at C$151.49.

A number of equities analysts have recently commented on DOL shares. Desjardins upgraded shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the company from C$134.00 to C$154.00 in a research report on Friday, September 8th. National Bank Financial raised their price objective on shares of Dollarama from C$140.00 to C$145.00 in a research report on Friday, September 8th. Raymond James Financial, Inc. raised their price objective on shares of Dollarama from C$140.00 to C$143.00 in a research report on Friday, September 8th. BMO Capital Markets raised their price objective on shares of Dollarama from C$141.00 to C$150.00 in a research report on Friday, September 8th. Finally, Scotiabank raised their price objective on shares of Dollarama from C$143.00 to C$162.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$147.92.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 6th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, October 5th. Dollarama’s dividend payout ratio is currently 10.17%.

In related news, insider Geoffrey Peter Robillard sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$133.99, for a total value of C$669,950.00.

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About Dollarama

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.

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