Loblaw Companies Limited (TSE:L) Announces Quarterly Dividend of $0.14

Key Points

• Loblaw Companies Limited declared a quarterly dividend of C$0.1411 per share (annualized yield ~0.9%), with an ex-dividend date of March 13 and payment to shareholders of record on April 1.
• The stock was down about 1.2% to C$62.37 mid-day, with a market cap of C$73.09 billion, a P/E of 28.09 and a high debt-to-equity ratio of 227.92; the company reported C$0.67 EPS last quarter and a 24.03% return on equity.

Loblaw Companies Limited (TSE:L - Get Free Report) declared a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Wednesday, April 1st will be paid a dividend of 0.1411 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, March 13th.

Loblaw Companies Stock Down 1.2%

TSE L traded down C$0.77 during mid-day trading on Wednesday, reaching C$62.37. 272,541 shares of the company's stock traded hands, compared to its average volume of 1,405,039. The company has a current ratio of 1.08, a quick ratio of 0.68 and a debt-to-equity ratio of 227.92. Loblaw Companies has a 1-year low of C$45.47 and a 1-year high of C$69.59. The company has a fifty day simple moving average of C$63.97 and a 200-day simple moving average of C$60.16. The company has a market cap of C$73.09 billion, a price-to-earnings ratio of 28.09, a P/E/G ratio of 3.23 and a beta of 0.29.

Loblaw Companies (TSE:L - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported C$0.67 EPS for the quarter. Loblaw Companies had a return on equity of 24.03% and a net margin of 4.17%. As a group, equities research analysts expect that Loblaw Companies will post 9.1225541 EPS for the current year.

Loblaw Companies Company Profile

Loblaw is one of Canada's largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President's Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.

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