Dollarama (TSE:DOL) declared a quarterly dividend on Thursday, March 29th, Zacks reports. Stockholders of record on Friday, April 20th will be paid a dividend of 0.12 per share on Wednesday, May 2nd. This represents a $0.48 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Thursday, April 19th. This is an increase from Dollarama’s previous quarterly dividend of $0.11.
Shares of TSE DOL traded down C$0.18 during trading on Friday, hitting C$149.02. 333,800 shares of the company traded hands, compared to its average volume of 358,654. Dollarama has a fifty-two week low of C$117.19 and a fifty-two week high of C$170.00.
Several equities analysts have recently weighed in on DOL shares. Desjardins lowered shares of Dollarama from a “buy” rating to a “hold” rating and set a C$165.00 price objective on the stock. in a report on Thursday, February 8th. CIBC upped their price objective on shares of Dollarama from C$168.00 to C$178.00 in a report on Monday, April 2nd. TD Securities upped their price objective on shares of Dollarama from C$150.00 to C$160.00 in a report on Friday, March 23rd. Barclays upped their price objective on shares of Dollarama from C$151.00 to C$154.00 in a report on Monday, March 26th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$152.00 price objective on shares of Dollarama in a report on Monday, April 2nd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of C$165.25.
Dollarama Company Profile
Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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