Leon’s Furniture Ltd. (TSE:LNF) Plans $0.14 Quarterly Dividend
Leon’s Furniture Ltd. (TSE:LNF) announced a quarterly dividend on Wednesday, November 13th, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.14 per share on Monday, January 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, December 5th.
TSE:LNF opened at C$15.99 on Tuesday. The company has a market capitalization of $1.25 billion and a PE ratio of 12.35. The company has a quick ratio of 0.53, a current ratio of 1.24 and a debt-to-equity ratio of 65.72. Leon’s Furniture has a 52-week low of C$14.01 and a 52-week high of C$16.48. The stock has a fifty day simple moving average of C$15.67 and a 200-day simple moving average of C$15.50.
Several equities analysts have weighed in on the stock. CIBC raised their target price on shares of Leon’s Furniture from C$17.00 to C$18.00 in a report on Friday, August 16th. Desjardins upped their price target on shares of Leon’s Furniture from C$20.00 to C$21.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets increased their price target on shares of Leon’s Furniture from C$17.00 to C$18.00 in a research report on Friday, August 16th.
Leon’s Furniture Limited is the largest retailer of furniture, mattresses, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; The Brick Mattress Store; and The Brick Outlet. Finally,
with the Midnorthern Appliance banner alongside the Appliance Canada banner, we are also the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies.
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