The North West Company Inc. (TSE:NWC - Get Free Report) announced a quarterly dividend on Friday, June 27th, TickerTech Dividends reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.53 per share on Tuesday, July 15th. This represents a $2.12 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date is Friday, June 27th. This is a 32.5% increase from North West's previous quarterly dividend of $0.40.
North West Trading Down 0.5%
Shares of NWC traded down C$0.24 during midday trading on Friday, hitting C$48.10. The stock had a trading volume of 315,465 shares, compared to its average volume of 130,714. North West has a 1 year low of C$40.42 and a 1 year high of C$57.95. The firm has a market cap of C$2.31 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 1.11 and a beta of 0.64. The company has a debt-to-equity ratio of 59.78, a current ratio of 2.16 and a quick ratio of 0.64. The stock's 50 day moving average is C$54.14 and its 200 day moving average is C$50.21.
Insider Transactions at North West
In other North West news, Senior Officer Vineet Gupta bought 2,200 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was acquired at an average price of C$49.95 per share, with a total value of C$109,890.00. Also, Senior Officer Michael Beaulieu sold 1,850 shares of the company's stock in a transaction on Monday, April 28th. The stock was sold at an average price of C$54.77, for a total transaction of C$101,324.50. Insiders sold 21,928 shares of company stock valued at $1,191,408 over the last 90 days. 0.12% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on NWC. TD Securities boosted their target price on shares of North West from C$59.00 to C$63.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. BMO Capital Markets boosted their target price on shares of North West from C$58.00 to C$60.00 in a research note on Thursday, April 10th. Finally, CIBC boosted their target price on shares of North West from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Friday, April 11th.
View Our Latest Analysis on NWC
About North West
(
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The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.
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