Natural Grocers by Vitamin Cottage, Inc. (NGVC) To Go Ex-Dividend on December 2nd

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) announced a quarterly dividend on Thursday, November 21st,NASDAQ Dividends reports. Stockholders of record on Monday, December 2nd will be given a dividend of 0.12 per share by the specialty retailer on Wednesday, December 18th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, December 2nd. This is a boost from Natural Grocers by Vitamin Cottage’s previous quarterly dividend of $0.10.

Natural Grocers by Vitamin Cottage has raised its dividend payment by an average of 12.6% per year over the last three years. Natural Grocers by Vitamin Cottage has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Price Performance

NGVC stock opened at $45.57 on Friday. Natural Grocers by Vitamin Cottage has a 12 month low of $14.31 and a 12 month high of $45.61. The firm has a market cap of $1.04 billion, a P/E ratio of 30.79 and a beta of 1.23. The company has a quick ratio of 0.18, a current ratio of 0.96 and a debt-to-equity ratio of 0.36. The company’s 50-day moving average price is $29.03 and its two-hundred day moving average price is $25.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Natural Grocers by Vitamin Cottage from a “buy” rating to a “strong-buy” rating in a research report on Friday.

About Natural Grocers by Vitamin Cottage

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company’s stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.