Albertsons Companies, Inc. Announces Quarterly Dividend of $0.15 (NYSE:ACI)

Key Points

• Albertsons Companies, Inc. announced a quarterly dividend of $0.15 per share, set to be paid on November 7th, representing an annualized yield of 3.5%.
• The company has a payout ratio of 26.7%, suggesting that the dividend is well-covered by its earnings, with expected future earnings at $2.22 per share.
• Albertsons reported $0.55 earnings per share for the last quarter, exceeding expectations, with a revenue increase of 2.5% year-over-year to $24.88 billion.

Albertsons Companies, Inc. (NYSE:ACI - Get Free Report) announced a quarterly dividend on Tuesday, October 14th, RTT News reports. Shareholders of record on Friday, October 24th will be paid a dividend of 0.15 per share on Friday, November 7th. This represents a c) annualized dividend and a yield of 3.5%.

Albertsons Companies has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Albertsons Companies to earn $2.22 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 27.0%.

Albertsons Companies Stock Down 1.0%

Shares of NYSE ACI opened at $16.96 on Tuesday. Albertsons Companies has a 52-week low of $16.70 and a 52-week high of $23.20. The business has a 50-day moving average price of $18.57 and a 200 day moving average price of $20.48. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. The stock has a market cap of $9.49 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.75 and a beta of 0.49.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The company had revenue of $24.88 billion during the quarter, compared to analysts' expectations of $24.68 billion. During the same period last year, the firm earned $0.66 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts forecast that Albertsons Companies will post 2.14 earnings per share for the current year.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.

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