Empire Company Limited (TSE:EMP.A) Declares Quarterly Dividend of $0.12
Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Friday, October 11th, TickerTech reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.12 per share on Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, October 11th.
Shares of TSE:EMP.A traded down C$0.03 during trading on Wednesday, reaching C$36.43. 46,694 shares of the company’s stock traded hands, compared to its average volume of 314,151. Empire has a fifty-two week low of C$22.38 and a fifty-two week high of C$37.43. The company has a quick ratio of 0.38, a current ratio of 0.90 and a debt-to-equity ratio of 186.79. The firm has a market cap of $6.33 billion and a PE ratio of 23.50. The company has a 50-day simple moving average of C$36.39 and a 200-day simple moving average of C$32.97.
Several equities research analysts recently issued reports on EMP.A shares. Royal Bank of Canada lifted their price objective on Empire from C$35.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. TD Securities lifted their price objective on Empire from C$34.00 to C$37.00 and gave the stock a “hold” rating in a report on Friday, August 16th. Raymond James reiterated a “market perform” rating and issued a C$32.00 price objective on shares of Empire in a report on Friday, June 21st. CIBC lifted their price objective on Empire from C$34.00 to C$39.00 in a report on Friday, September 6th. Finally, BMO Capital Markets lifted their price objective on Empire from C$36.00 to C$42.00 in a report on Friday, August 23rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Empire presently has a consensus rating of “Hold” and a consensus target price of C$36.06.
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.
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