Albertsons Companies, Inc. (NYSE:ACI) Announces $0.12 Quarterly Dividend

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Thursday, April 11th, NASDAQ reports. Stockholders of record on Friday, April 26th will be paid a dividend of 0.12 per share on Friday, May 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date is Thursday, April 25th.

Albertsons Companies has increased its dividend by an average of 68.7% annually over the last three years. Albertsons Companies has a dividend payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Albertsons Companies to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 19.0%.

Albertsons Companies Stock Performance

Shares of NYSE ACI opened at $20.32 on Wednesday. The firm has a fifty day moving average price of $20.88 and a 200-day moving average price of $21.62. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.84 and a quick ratio of 0.19. The stock has a market cap of $11.71 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.95 and a beta of 0.50. Albertsons Companies has a 1 year low of $19.88 and a 1 year high of $23.88.

Analysts Set New Price Targets

ACI has been the subject of a number of analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a research note on Tuesday. Evercore ISI reduced their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Roth Mkm raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday. Roth Capital upgraded shares of Albertsons Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.