The North West Company Inc. (TSE:NWC) Announces Dividend Increase – $0.42 Per Share

The North West Company Inc. (TSE:NWC) declared a quarterly dividend on Tuesday, September 29th. Investors of record on Thursday, October 15th will be given a dividend of $0.42 per share on Thursday, October 15th. This represents a $1.68 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a 2.4% increase from North West’s previous quarterly dividend of $0.41.

North West Price Performance

NWC traded up C$0.28 on Friday, hitting C$53.68. 146,091 shares of the stock were exchanged, compared to its average volume of 139,293. The firm has a market capitalization of C$2.54 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 1.11 and a beta of -0.01. The company has a debt-to-equity ratio of 57.00, a current ratio of 1.84 and a quick ratio of 0.64. North West has a 12 month low of C$44.63 and a 12 month high of C$56.77. The business has a 50-day moving average of C$50.46 and a two-hundred day moving average of C$51.31.

North West (TSE:NWC) last released its earnings results on Tuesday, September 8th. The company reported C$0.76 EPS for the quarter. The firm had revenue of C$681.96 million for the quarter. North West had a net margin of 5.40% and a return on equity of 17.50%. Sell-side analysts forecast that North West will post 3.4924863 EPS for the current fiscal year.

North West Company Profile

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.