Pet Valu (TSE:PET) Upgraded by Barclays to “Strong-Buy”

Barclays upgraded shares of Pet Valu (TSE:PET) to a strong-buy rating in a research note released on Wednesday, Zacks.com reports.

Pet Valu Trading Down 1.0 %

Shares of PET stock traded down C$0.24 during mid-day trading on Wednesday, hitting C$24.09. 52,878 shares of the stock traded hands, compared to its average volume of 72,297. Pet Valu has a twelve month low of C$23.52 and a twelve month high of C$32.90.

Pet Valu Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, August 30th.

Pet Valu Company Profile

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.