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

Dollarama Inc. (TSE:DOL - Get Free Report) announced a quarterly dividend on Friday, July 11th, TickerTech Dividends reports. Shareholders 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 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Friday, July 11th.

Dollarama Price Performance

DOL traded down C$0.62 on Thursday, hitting C$191.59. 187,564 shares of the company's stock were exchanged, compared to its average volume of 692,495. Dollarama has a fifty-two week low of C$124.99 and a fifty-two week high of C$196.46. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The firm has a 50-day moving average price of C$180.32 and a 200-day moving average price of C$159.32. The stock has a market cap of C$52.94 billion, a price-to-earnings ratio of 48.80, a P/E/G ratio of 1.93 and a beta of 0.56.

Insider Buying and Selling at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,350 shares of the business's stock in a transaction dated 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 Nicolas Hien sold 4,131 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$192.31, for a total transaction of C$794,433.02. Insiders have sold 42,570 shares of company stock valued at $7,229,060 over the last three months. 2.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DOL shares. Jefferies Financial Group boosted their price target on shares of Dollarama from C$180.00 to C$223.00 in a research report on Thursday, June 12th. CIBC boosted their price target on shares of Dollarama from C$174.00 to C$204.00 in a research report 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 company from C$156.00 to C$166.00 in a research report on Friday, March 28th. National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Finally, BMO Capital Markets upped their target price on shares of Dollarama from C$170.00 to C$215.00 in a research report on Thursday, June 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$186.36.

Dollarama Company Profile

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.