Dollarama Inc. Declares Quarterly Dividend of $0.11 (TSE:DOL)

Dollarama Inc. (TSE:DOL - Get Free Report) declared a quarterly dividend on Friday, July 11th, TickerTech Dividends reports. Investors of record on Friday, August 8th will be paid a dividend of 0.1058 per share on Friday, August 8th. This represents a $0.42 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date is Friday, July 11th.

Dollarama Stock Down 0.3%

DOL stock traded down C$0.53 during trading hours on Friday, hitting C$190.07. The company's stock had a trading volume of 331,849 shares, compared to its average volume of 691,536. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The company has a market capitalization of C$52.52 billion, a PE ratio of 48.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 12 month low of C$124.99 and a 12 month high of C$196.46. The stock has a 50 day moving average price of C$180.73 and a two-hundred day moving average price of C$159.67.

Insider Activity at Dollarama

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the company's stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total transaction of C$234,234.45. Also, Director John Assaly sold 9,089 shares of the company's stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$189.28, for a total transaction of C$1,720,392.28. Following the completion of the transaction, the director owned 973 shares of the company's stock, valued at C$184,172.26. This trade represents a 90.33% decrease in their ownership of the stock. Insiders sold 14,570 shares of company stock worth $2,749,060 in the last three months. 2.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on DOL shares. UBS Group upped their price objective on shares of Dollarama from C$165.00 to C$196.00 in a report on Thursday, June 12th. Jefferies Financial Group upped their price objective on shares of Dollarama from C$180.00 to C$223.00 in a report on Thursday, June 12th. CIBC upped their price objective on shares of Dollarama from C$174.00 to C$204.00 in a report on Thursday, June 12th. National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Finally, Royal Bank Of Canada upped their price objective on shares of Dollarama from C$190.00 to C$207.00 in a report on Thursday, June 12th. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Dollarama presently has a consensus rating of "Moderate Buy" and a consensus target price of C$186.36.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company's product offerings.