Loblaw Companies Limited (L) to Issue Quarterly Dividend of $0.16 on July 1st

Loblaw Companies Limited (TSE:L) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.1552 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, June 15th. This is a 10.0% increase from Loblaw Companies’s previous quarterly dividend of $0.14.

Loblaw Companies Trading Down 2.5%

Shares of Loblaw Companies stock traded down C$1.68 on Friday, reaching C$65.00. 1,266,398 shares of the company were exchanged, compared to its average volume of 1,367,591. The stock has a fifty day moving average price of C$62.41 and a 200-day moving average price of C$62.91. The firm has a market capitalization of C$75.65 billion, a price-to-earnings ratio of 28.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.15. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 153.41. Loblaw Companies has a fifty-two week low of C$52.92 and a fifty-two week high of C$69.59.

Loblaw Companies (TSE:L) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.52 earnings per share for the quarter. Loblaw Companies had a return on equity of 24.88% and a net margin of 4.29%.The business had revenue of C$14.48 billion for the quarter. On average, analysts expect that Loblaw Companies will post 9.1225541 EPS for the current year.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.