Loblaw Companies Limited (TSE:L) Declares $0.51 Quarterly Dividend

Loblaw Companies Limited (TSE:L) declared a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Sunday, December 15th will be paid a dividend of 0.513 per share on Monday, December 30th. This represents a $2.05 annualized dividend and a dividend yield of 1.13%.

Loblaw Companies Stock Performance

TSE:L traded down C$0.50 during trading hours on Thursday, hitting C$182.38. 93,722 shares of the company were exchanged, compared to its average volume of 354,706. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. Loblaw Companies has a 52-week low of C$116.81 and a 52-week high of C$188.77. The stock has a market capitalization of C$55.70 billion, a price-to-earnings ratio of 27.71, a PEG ratio of 3.23 and a beta of 0.17. The company’s 50 day moving average price is C$177.46 and its 200-day moving average price is C$167.82.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Securities upped their target price on Loblaw Companies from C$186.00 to C$203.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on Loblaw Companies from C$183.00 to C$205.00 in a research note on Tuesday. National Bankshares upped their target price on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Desjardins increased their price target on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets lifted their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$185.43.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.