Empire Company Limited (TSE:EMP.A) to Issue Dividend Increase – $0.12 Per Share

Empire Company Limited (TSE:EMP.A) declared a quarterly dividend on Friday, July 12th, TickerTech reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.12 per share on Wednesday, July 31st. This represents a $0.48 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, July 12th. This is a boost from Empire’s previous quarterly dividend of $0.11.

Shares of Empire stock opened at C$33.09 on Thursday. Empire has a 12 month low of C$22.38 and a 12 month high of C$33.89. The stock’s fifty day simple moving average is C$31.78. The company has a market capitalization of $5.74 billion and a price-to-earnings ratio of 23.30. The company has a quick ratio of 0.38, a current ratio of 0.98 and a debt-to-equity ratio of 49.50.

A number of equities research analysts have recently weighed in on EMP.A shares. National Bank Financial lowered shares of Detour Gold to a “hold” rating in a report on Friday, June 28th. Raymond James set a $29.00 price target on shares of Seacoast Banking Co. of Florida and gave the stock a “buy” rating in a research note on Friday, June 21st. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 670 ($8.75) price target on shares of in a research note on Friday, June 28th. BMO Capital Markets cut their price target on shares of Methanex from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. Finally, TD Securities upgraded shares of DREAM Unlimited from a “buy” rating to an “action list buy” rating and set a C$11.50 price target on the stock in a research note on Tuesday, July 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$33.81.

Empire Company Profile

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.

See Also: What does RSI mean?

Dividend History for Empire (TSE:EMP.A)

Receive News & Ratings for Empire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Empire and related companies with MarketBeat.com's FREE daily email newsletter.