Dollarama Inc. (DOL) to Issue Quarterly Dividend of $0.09 on February 7th

Dollarama Inc. (TSE:DOL) declared a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Investors of record on Friday, February 7th will be given a dividend of 0.092 per share on Friday, February 7th. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, January 10th.

Dollarama Stock Up 0.2 %

Shares of TSE DOL opened at C$139.26 on Wednesday. The stock has a fifty day moving average price of C$143.82 and a 200 day moving average price of C$136.96. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. Dollarama has a 12-month low of C$94.39 and a 12-month high of C$152.97. The company has a market cap of C$39.24 billion, a P/E ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 0.56.

Insider Transactions at Dollarama

In other news, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Insiders own 2.23% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on DOL shares. TD Securities raised their target price on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. UBS Group set a C$147.00 target price on shares of Dollarama and gave the stock a “neutral” rating in a research report on Friday, December 13th. Stifel Nicolaus raised their price target on shares of Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. Finally, Desjardins boosted their price objective on shares of Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$145.17.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.