Empire Company Limited (TSE:EMP.A) to Issue Quarterly Dividend of $0.18

Empire Company Limited (TSE:EMP.A - Get Free Report) announced a quarterly dividend on Friday, April 12th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.1825 per share on Tuesday, April 30th. This represents a $0.73 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Friday, April 12th.

Empire Stock Performance

TSE EMP.A traded down C$0.37 during trading on Wednesday, reaching C$32.11. The company's stock had a trading volume of 828,568 shares, compared to its average volume of 429,900. The company has a current ratio of 0.80, a quick ratio of 0.29 and a debt-to-equity ratio of 133.75. The firm has a market capitalization of C$4.69 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 16.20 and a beta of 0.47. Empire has a 12 month low of C$31.45 and a 12 month high of C$40.69. The firm has a 50 day moving average price of C$33.78 and a 200 day moving average price of C$35.79.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. TD Securities decreased their price objective on shares of Empire from C$37.00 to C$36.00 and set a "hold" rating for the company in a research report on Friday, March 15th. Royal Bank of Canada cut their target price on shares of Empire from C$49.00 to C$43.00 and set a "sector perform" rating on the stock in a research note on Friday, March 15th. Desjardins dropped their price objective on shares of Empire from C$40.00 to C$39.00 and set a "buy" rating on the stock in a research note on Wednesday, March 6th. National Bankshares dropped their price objective on shares of Empire from C$41.00 to C$40.00 in a research note on Friday, March 15th. Finally, Scotiabank dropped their price objective on shares of Empire from C$43.00 to C$39.00 and set an "outperform" rating on the stock in a research note on Friday, December 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Empire presently has an average rating of "Hold" and a consensus price target of C$38.86.

Empire Company Profile

Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.