The North West Company Inc. (TSE:NWC) Plans Quarterly Dividend of $0.36

The North West Company Inc. (TSE:NWC) declared a quarterly dividend on Wednesday, June 9th, Zacks reports. Stockholders of record on Wednesday, June 30th will be given a dividend of 0.36 per share on Thursday, July 15th. This represents a $1.44 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Tuesday, June 29th.

Shares of TSE NWC traded down C$0.60 during midday trading on Friday, hitting C$35.25. The stock had a trading volume of 24,730 shares, compared to its average volume of 131,213. The firm has a market capitalization of C$1.71 billion and a P/E ratio of 12.56. The company’s 50 day simple moving average is C$35.86. The North West has a 1 year low of C$26.90 and a 1 year high of C$37.82. The company has a debt-to-equity ratio of 79.58, a current ratio of 1.26 and a quick ratio of 0.52.

The North West (TSE:NWC) last announced its quarterly earnings data on Wednesday, April 7th. The company reported C$0.54 EPS for the quarter. The company had revenue of C$565.19 million for the quarter. Equities research analysts anticipate that The North West will post 2.4700001 earnings per share for the current year.

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price objective on The North West from C$35.00 to C$36.00 and gave the stock a “sector perform” rating in a research report on Wednesday. CIBC reiterated a “neutral” rating and set a C$38.00 price objective on shares of The North West in a research report on Thursday. TD Securities lifted their price objective on The North West from C$36.00 to C$37.00 and gave the stock a “hold” rating in a research report on Friday, April 9th. Finally, BMO Capital Markets lifted their target price on The North West from C$38.00 to C$40.00 in a research report on Thursday, April 8th.

In other The North West news, Director Edward Stephen Kennedy sold 133,400 shares of The North West stock in a transaction on Tuesday, April 13th. The stock was sold at an average price of C$36.66, for a total value of C$4,890,310.60. Following the sale, the director now owns 105,273 shares in the company, valued at C$3,859,202.91.

About The North West

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in Canada, Alaska, the South Pacific, and the Caribbean. The company's Canadian operations comprise 118 Northern stores, which offers food, financial services, and general merchandise; 5 NorthMart stores that provides fresh foods, apparel, and health products and services; 25 Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; 5 Giant Tiger junior discount stores, which offers family fashion, household products, and food; 2 Valu Lots discount center and direct-to-customer food distribution outlet; 2 Pharmacy and Convenience stores; 1 Solo Market store for rural market; and 1 North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.

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Dividend History for The North West (TSE:NWC)

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