Leon’s Furniture Ltd. (TSE:LNF) to Issue Quarterly Dividend of $0.14

Leon’s Furniture Ltd. (TSE:LNF) announced a quarterly dividend on Wednesday, November 13th, Zacks reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.14 per share on Monday, January 6th. This represents a $0.56 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, December 5th.

Shares of LNF stock opened at C$15.99 on Tuesday. The firm has a market cap of $1.25 billion and a price-to-earnings ratio of 12.35. The company’s 50 day moving average is C$15.67 and its 200 day moving average is C$15.50. The company has a quick ratio of 0.53, a current ratio of 1.24 and a debt-to-equity ratio of 65.72. Leon’s Furniture has a 52-week low of C$14.01 and a 52-week high of C$16.48.

A number of research firms have weighed in on LNF. Desjardins upped their target price on Leon’s Furniture from C$20.00 to C$21.00 in a report on Thursday, August 15th. CIBC lifted their price target on Leon’s Furniture from C$17.00 to C$18.00 in a report on Friday, August 16th. Finally, BMO Capital Markets boosted their price target on Leon’s Furniture from C$17.00 to C$18.00 in a research report on Friday, August 16th.

Leon’s Furniture Company Profile

Leon’s Furniture Limited is the largest retailer of furniture, mattresses, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; The Brick Mattress Store; and The Brick Outlet. Finally,
with the Midnorthern Appliance banner alongside the Appliance Canada banner, we are also the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies.

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

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