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

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

Dollarama Stock Performance

Dollarama stock traded up C$2.50 during mid-day trading on Wednesday, reaching C$192.21. The company's stock had a trading volume of 521,897 shares, compared to its average volume of 696,376. The firm's fifty day moving average price is C$179.87 and its two-hundred day moving average price is C$159.09. The company has a market capitalization of C$53.12 billion, a P/E ratio of 48.95, a PEG ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a 12-month low of C$124.99 and a 12-month high of C$196.46.

Insiders Place Their Bets

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Director John Assaly sold 9,089 shares of the stock in a transaction on Thursday, June 19th. The shares were sold at an average price of C$189.28, for a total value of C$1,720,392.28. Following the completion of the transaction, the director directly owned 973 shares of the company's stock, valued at approximately C$184,172.26. This represents a 90.33% decrease in their ownership of the stock. In the last 90 days, insiders sold 42,570 shares of company stock valued at $7,229,060. Corporate insiders own 2.23% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DOL shares. Scotiabank upped their target price on shares of Dollarama from C$175.00 to C$210.00 in a research report on Thursday, June 12th. Stifel Nicolaus boosted their price target on shares of Dollarama from C$162.50 to C$190.00 in a research note on Thursday, June 12th. National Bankshares raised shares of Dollarama from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. BMO Capital Markets boosted their price target on shares of Dollarama from C$170.00 to C$215.00 in a research note on Thursday, June 12th. Finally, Jefferies Financial Group upped their price objective on shares of Dollarama from C$180.00 to C$223.00 in a research note on Thursday, June 12th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Dollarama has an average rating of "Moderate Buy" and an average price target 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.