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. Stockholders 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 dividend yield of 0.22%. The ex-dividend date is Friday, July 11th.

Dollarama Price Performance

Shares of TSE:DOL traded down C$0.53 during trading on Friday, reaching C$190.07. The stock had a trading volume of 331,849 shares, compared to its average volume of 691,536. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The business has a fifty day moving average price of C$181.14 and a 200-day moving average price of C$160.13. The stock has a market cap of C$52.52 billion, a PE ratio of 48.41, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 1-year low of C$124.99 and a 1-year high of C$196.46.

Insider Buying and Selling at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction dated 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 Nicolas Hien sold 4,131 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$192.31, for a total value of C$794,433.02. Insiders have sold 14,570 shares of company stock valued at $2,749,060 in the last quarter. Corporate insiders own 2.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Dollarama from C$180.00 to C$223.00 in a report on Thursday, June 12th. CIBC increased their target price on Dollarama from C$174.00 to C$204.00 in a research note on Thursday, June 12th. Stifel Nicolaus increased their target price on Dollarama from C$162.50 to C$190.00 in a research note on Thursday, June 12th. Scotiabank increased their target price on Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada increased their target price on Dollarama from C$190.00 to C$207.00 in a research note on Thursday, June 12th. Four equities 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's stock. Based on data from MarketBeat, the stock 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.