Dollarama Inc (TSE:DOL) declared a quarterly dividend on Thursday, July 9th, TickerTech reports. Shareholders 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 yield of 0.39%. The ex-dividend date of this dividend is Thursday, July 9th.
Dollarama stock opened at C$45.47 on Tuesday. The company has a debt-to-equity ratio of 36,202.81, a quick ratio of 0.47 and a current ratio of 1.03. The stock has a fifty day moving average of C$45.94 and a two-hundred day moving average of C$43.45. The company has a market capitalization of $14.09 billion and a price-to-earnings ratio of 26.24. Dollarama has a fifty-two week low of C$34.70 and a fifty-two week high of C$52.12.
Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 10th. The company reported C$0.28 earnings per share for the quarter, topping the 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. On average, analysts forecast that Dollarama will post 2.21 EPS for the current fiscal year.
A number of brokerages have recently commented on DOL. BMO Capital Markets lifted their price objective on Dollarama from C$45.00 to C$52.00 in a research report on Thursday, June 11th. National Bank Financial lifted their price objective 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. Barclays lifted their price objective on Dollarama from C$46.00 to C$49.00 in a research report on Thursday, June 11th. TD Securities lifted their price objective on Dollarama from C$49.00 to C$56.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Finally, CIBC lifted their price objective on Dollarama from C$44.00 to C$49.00 in a research report on Thursday, June 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Dollarama currently has an average rating of “Hold” and an average target price of C$50.44.
In related news, Director John Assaly sold 2,805 shares of Dollarama stock in a transaction on 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 transaction, the director now owns 8,621 shares in the company, valued at C$352,573.04.
Dollarama Company Profile
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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