Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Friday, October 11th, TickerTech reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.12 per share on Thursday, October 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, October 11th.
Shares of TSE:EMP.A traded down C$0.26 during midday trading on Wednesday, hitting C$36.20. The stock had a trading volume of 116,902 shares, compared to its average volume of 314,151. The company has a market capitalization of $6.33 billion and a PE ratio of 23.35. The stock has a 50 day moving average price of C$36.39 and a two-hundred day moving average price of C$32.97. The company has a current ratio of 0.90, a quick ratio of 0.38 and a debt-to-equity ratio of 186.79. Empire has a 1 year low of C$22.38 and a 1 year high of C$37.43.
Several analysts recently commented on the stock. CIBC raised their price objective on shares of Empire from C$34.00 to C$39.00 in a research note on Friday, September 6th. TD Securities raised their price objective on shares of Empire from C$34.00 to C$37.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Raymond James reiterated a “market perform” rating and issued a C$32.00 price objective on shares of Empire in a research note on Friday, June 21st. National Bank Financial raised their price objective on shares of Empire from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. Finally, Royal Bank of Canada raised their price objective on shares of Empire from C$35.00 to C$37.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of C$36.06.
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.
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