Albertsons Companies, Inc. (NYSE:ACI) Shareholders to Collect $0.17 Quarterly Dividend

Albertsons Companies, Inc. (NYSE:ACI) declared a quarterly dividend on Tuesday, October 13th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.17 per share on Friday, November 6th. This represents a $0.68 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, October 23rd.

Albertsons Companies has raised its dividend payment by an average of 0.2% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Albertsons Companies has a dividend payout ratio of 30.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Albertsons Companies to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 40.5%.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded up $0.21 during midday trading on Tuesday, reaching $12.75. 16,910,169 shares of the company’s stock traded hands, compared to its average volume of 7,740,250. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 159.34, a P/E/G ratio of 2.08 and a beta of 0.40. The company has a debt-to-equity ratio of 5.22, a quick ratio of 0.21 and a current ratio of 0.84. Albertsons Companies has a one year low of $10.86 and a one year high of $20.00. The stock has a 50 day moving average of $12.16 and a 200 day moving average of $14.25.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. Albertsons Companies had a return on equity of 45.59% and a net margin of 0.08%. The company had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $18.87 billion. During the same period last year, the firm posted $0.30 earnings per share. Albertsons Companies’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Albertsons Companies will post 1.65 EPS for the current fiscal year.

About Albertsons Companies

Albertsons Companies, Inc is a U.S. food and drug retailer headquartered in Boise, Idaho. The company operates supermarkets, pharmacies and related retail businesses under banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Carrs and Haggen.

Its stores offer groceries, fresh produce, meat and seafood, bakery and deli items, household products, health and beauty products, and pharmacy services. Albertsons also provides private-label products, fuel at select locations, grocery delivery and pickup, digital shopping tools, and customer loyalty programs.

The company’s history traces to 1939, when Joe Albertson opened the first Albertsons store in Boise.