Leon’s Furniture Ltd. (LNF) Increases Dividend to $0.14 Per Share

Leon’s Furniture Ltd. (TSE:LNF) declared a quarterly dividend on Wednesday, November 14th, Zacks reports. Shareholders of record on Friday, December 7th will be given a dividend of 0.14 per share on Monday, January 7th. This represents a $0.56 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Thursday, December 6th. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.12.

LNF opened at C$15.10 on Wednesday. Leon’s Furniture has a 52 week low of C$14.70 and a 52 week high of C$19.50. The company has a debt-to-equity ratio of 27.23, a quick ratio of 0.65 and a current ratio of 1.55.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Wednesday, November 14th. The company reported C$0.42 EPS for the quarter, missing the consensus estimate of C$0.45 by C($0.03). The business had revenue of C$592.33 million during the quarter. Sell-side analysts expect that Leon’s Furniture will post 1.37999997440212 earnings per share for the current year.

Several research analysts have commented on the company. Desjardins reduced their price objective on Leon’s Furniture from C$21.00 to C$20.00 in a report on Friday, November 16th. CIBC reduced their price objective on Leon’s Furniture from C$21.00 to C$18.00 in a report on Friday, November 16th. Finally, BMO Capital Markets reduced their price objective on Leon’s Furniture from C$20.00 to C$19.00 in a report on Thursday, November 15th.

In related news, Director Terrence Leon purchased 4,200 shares of the business’s stock in a transaction dated Friday, November 16th. The shares were acquired at an average cost of C$15.41 per share, for a total transaction of C$64,722.00. Insiders bought a total of 11,500 shares of company stock worth $176,883 over the last quarter.

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About Leon’s Furniture

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of furniture, appliances, and home electronics in Canada. The company sells a range of home furniture, mattresses, appliances, and electronics, as well as acts as a commercial retailer of appliances to builders, developers, hotels, and property management companies under the Leon's, The Brick, The Brick Mattress Store, and The Brick Outlet banners.

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Dividend History for Leon`s Furniture (TSE:LNF)

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