The North West Company Inc. (TSE:NWC - Get Free Report) declared 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 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 27th. This is a 32.5% increase from North West's previous quarterly dividend of $0.40.
North West Trading Up 0.9%
Shares of NWC opened at C$49.09 on Wednesday. North West has a 1-year low of C$40.42 and a 1-year high of C$57.95. The company has a market capitalization of C$2.36 billion, a P/E ratio of 18.05, a P/E/G 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 firm's 50 day simple moving average is C$54.33 and its 200 day simple moving average is C$50.23.
Wall Street Analysts Forecast Growth
NWC has been the topic of several research reports. BMO Capital Markets raised their price objective on shares of North West from C$58.00 to C$60.00 in a research report on Thursday, April 10th. CIBC raised their price target on North West from C$59.00 to C$60.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. Finally, TD Securities upped their price objective on North West from C$59.00 to C$63.00 and gave the stock a "buy" rating in a report on Thursday, April 10th.
View Our Latest Stock Analysis on NWC
Insider Transactions at North West
In related news, Senior Officer Matthew Johnson sold 1,469 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of C$52.91, for a total transaction of C$77,724.79. Also, Director George Mcconnell Daniel sold 10,943 shares of North West stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of C$54.95, for a total value of C$601,317.85. In the last ninety days, insiders sold 21,928 shares of company stock worth $1,191,408. 0.12% of the stock is currently owned by insiders.
About North West
(
Get Free Report)
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.
Further Reading
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