Dollarama Inc. (DOL) To Go Ex-Dividend on April 18th

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Friday, May 3rd will be given a dividend of 0.092 per share on Friday, May 3rd. This represents a $0.37 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Dollarama’s previous quarterly dividend of $0.07.

Dollarama Stock Performance

Shares of TSE DOL opened at C$112.59 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.08 and a debt-to-equity ratio of 1,477.71. The company has a market capitalization of C$31.66 billion, a P/E ratio of 33.91, a P/E/G ratio of 1.93 and a beta of 0.57. Dollarama has a 12 month low of C$80.81 and a 12 month high of C$114.81. The stock has a 50 day moving average of C$104.72 and a 200-day moving average of C$99.56.

Insider Activity at Dollarama

In other Dollarama news, Director Paul Roche sold 707 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total transaction of C$79,100.01. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DOL has been the subject of a number of research reports. Scotiabank raised their target price on shares of Dollarama from C$107.00 to C$113.00 in a research note on Friday, April 5th. Wells Fargo & Company dropped their price target on Dollarama from C$110.00 to C$105.00 in a report on Thursday, January 4th. TD Securities increased their price objective on Dollarama from C$106.00 to C$113.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Canaccord Genuity Group boosted their target price on shares of Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. Finally, National Bank Financial upgraded shares of Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, March 13th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$109.36.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.