Empire (TSE:EMP) to Issue Dividend Increase – $0.12 Per Share

Empire (TSE:EMP) declared a quarterly dividend on Thursday, September 12th, Zacks reports. Shareholders of record on Tuesday, October 15th will be given a dividend of 0.12 per share on Thursday, October 31st. This represents a $0.48 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, October 11th. This is a boost from Empire’s previous quarterly dividend of $0.11.

Empire has a 52-week low of C$23.00 and a 52-week high of C$25.49.

Empire (TSE:EMP) last released its earnings results on Thursday, June 27th. The company reported C$0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.44 by C$0.02. The business had revenue of C$6.22 billion for the quarter, compared to analyst estimates of C$6.32 billion.

Empire Company Profile

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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Dividend History for Empire (TSE:EMP)

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