Dollarama Inc Declares Quarterly Dividend of $0.04 (TSE:DOL)

Dollarama Inc (TSE:DOL) announced a quarterly dividend on Thursday, July 9th, TickerTech reports. Stockholders of record on Friday, August 7th will be given a dividend of 0.044 per share on Friday, August 7th. This represents a $0.18 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, July 9th.

Dollarama stock opened at C$45.47 on Tuesday. Dollarama has a 12 month low of C$34.70 and a 12 month high of C$52.12. The company has a debt-to-equity ratio of 36,202.81, a current ratio of 1.03 and a quick ratio of 0.47. The business has a 50 day simple moving average of C$45.94 and a 200-day simple moving average of C$43.45. The stock has a market capitalization of $14.09 billion and a PE ratio of 26.24.

Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 10th. The company reported C$0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.26 by C$0.02. The company had revenue of C$844.80 million for the quarter, compared to analysts’ expectations of C$815.25 million. As a group, equities research analysts anticipate that Dollarama will post 2.21 EPS for the current year.

In other Dollarama news, Director John Assaly sold 2,805 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of C$40.90, for a total value of C$114,716.09. Following the sale, the director now directly owns 8,621 shares of the company’s stock, valued at approximately C$352,573.04.

Several research firms have recently commented on DOL. Canaccord Genuity upped their price target on Dollarama from C$44.00 to C$46.00 in a research note on Thursday, June 11th. CIBC increased their price objective on Dollarama from C$44.00 to C$49.00 in a research report on Thursday, June 11th. Royal Bank of Canada raised their price target on Dollarama from C$55.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. Barclays raised their price target on Dollarama from C$46.00 to C$49.00 in a research report on Thursday, June 11th. Finally, National Bank Financial raised their price target on Dollarama from C$50.00 to C$53.00 and gave the company an “outperform” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Dollarama has a consensus rating of “Hold” and a consensus target price of C$50.44.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Dividend History for Dollarama (TSE:DOL)

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