Natural Grocers by Vitamin Cottage, Inc. Announces Quarterly Dividend of $0.15 (NYSE:NGVC)

Key Points

• Natural Grocers declared a quarterly dividend of $0.15 per share, payable September 2 to shareholders of record on August 17. The dividend implies a 2.1% annualized yield and is covered by a 28.7% payout ratio.
• NGVC shares fell 11.9% to $28.61 in Friday trading, with the stock ranging between $23.47 and $45.98 over the past year.
• The company’s latest quarterly earnings of $0.58 per share exceeded analyst expectations of $0.56, although revenue of $337.38 million came in below the $348 million consensus estimate.

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC - Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be given a dividend of 0.15 per share by the specialty retailer on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, August 17th.

Natural Grocers by Vitamin Cottage has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Natural Grocers by Vitamin Cottage has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Stock Down 11.9%

Shares of Natural Grocers by Vitamin Cottage stock traded down $3.85 during trading on Friday, hitting $28.61. 306,159 shares of the stock were exchanged, compared to its average volume of 151,607. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 0.25. The firm's 50-day moving average price is $31.50 and its 200 day moving average price is $28.41. The stock has a market cap of $659.08 million, a price-to-earnings ratio of 13.69 and a beta of 1.33. Natural Grocers by Vitamin Cottage has a 12-month low of $23.47 and a 12-month high of $45.98.

Natural Grocers by Vitamin Cottage (NYSE:NGVC - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The specialty retailer reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The company had revenue of $337.38 million for the quarter, compared to analysts' expectations of $348.00 million. Natural Grocers by Vitamin Cottage had a return on equity of 22.26% and a net margin of 3.60%. As a group, analysts forecast that Natural Grocers by Vitamin Cottage will post 2.11 earnings per share for the current fiscal year.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers by Vitamin Cottage, Inc operates a chain of specialty grocery stores focused on natural and organic products. Founded in 1955 by Margaret and Philip Isely in Lakewood, Colorado, the company has built a reputation on strict product standards, including certified organic produce, non-GMO groceries and dietary supplements. Natural Grocers emphasizes whole, unprocessed foods and carries a broad assortment of private-label and national brands that meet its quality guidelines.

The company's core offerings include fresh fruits and vegetables, bulk foods, vitamins, minerals and nutritional supplements, as well as natural body care and household items.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source