Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Monday, January 14th, TickerTech reports. Investors of record on Thursday, January 31st will be paid a dividend of 0.11 per share on Thursday, January 31st. This represents a $0.44 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, January 14th.
Empire stock opened at C$29.01 on Wednesday. Empire has a 52 week low of C$17.43 and a 52 week high of C$26.34.
Several equities analysts have recently commented on the company. BMO Capital Markets increased their price objective on Empire from C$30.00 to C$32.00 and gave the company an “outperform” rating in a research report on Friday, December 14th. CIBC upgraded Empire from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$27.00 to C$33.00 in a research note on Friday, December 14th. National Bank Financial raised their target price on Empire from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Friday, December 14th. Raymond James restated a “market perform” rating and issued a C$31.00 target price on shares of Empire in a research note on Friday, December 14th. Finally, TD Securities raised their target price on Empire from C$27.00 to C$30.00 and gave the stock a “hold” rating in a research note on Friday, December 14th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Empire currently has a consensus rating of “Buy” and a consensus price target of C$31.67.
Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.
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