Empire Company Limited (EMP.A) To Go Ex-Dividend on April 15th

Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Tuesday, April 15th, TickerTech Dividends reports. Investors of record on Wednesday, April 30th will be given a dividend of 0.20 per share on Wednesday, April 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Tuesday, April 15th.

Empire Stock Performance

Shares of Empire stock traded up C$0.49 on Friday, reaching C$46.40. The stock had a trading volume of 448,274 shares, compared to its average volume of 568,237. Empire has a fifty-two week low of C$31.50 and a fifty-two week high of C$49.28. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79. The stock has a market cap of C$6.52 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 16.20 and a beta of 0.48. The business’s 50-day moving average price is C$44.88 and its two-hundred day moving average price is C$43.07.

Insider Activity at Empire

In other news, Senior Officer Matthew Reindel sold 767 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of C$44.11, for a total value of C$33,832.37. Also, Senior Officer Simon Gagne sold 12,269 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of C$48.22, for a total transaction of C$591,611.18. Insiders sold 20,459 shares of company stock worth $961,651 in the last ninety days. 2.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Scotiabank upgraded Empire from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$47.00 to C$49.00 in a research report on Friday, March 14th. Desjardins increased their target price on shares of Empire from C$47.00 to C$50.00 in a research report on Sunday, December 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$48.86.

Empire Company Profile

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations.