The North West Company Inc. (TSE:NWC) Declares $0.41 Quarterly Dividend

The North West Company Inc. (TSE:NWC) declared a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be paid a dividend of 0.41 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

North West Stock Performance

TSE NWC opened at C$50.15 on Friday. The company has a fifty day simple moving average of C$50.81 and a 200 day simple moving average of C$51.64. North West has a 12-month low of C$44.63 and a 12-month high of C$56.77. The company has a current ratio of 2.12, a quick ratio of 0.64 and a debt-to-equity ratio of 57.01. The company has a market cap of C$2.38 billion, a P/E ratio of 17.29, a PEG ratio of 1.11 and a beta of 0.00.

North West (TSE:NWC) last released its quarterly earnings data on Tuesday, June 9th. The company reported C$0.56 earnings per share for the quarter. North West had a net margin of 5.45% and a return on equity of 17.73%. The firm had revenue of C$631.63 million for the quarter. Sell-side analysts predict that North West will post 3.4924863 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on NWC shares. BMO Capital Markets lowered their target price on shares of North West from C$63.00 to C$59.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. Canadian Imperial Bank of Commerce cut their price target on North West from C$63.00 to C$58.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. TD Securities raised North West to a “strong-buy” rating in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada lowered their price objective on North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, North West currently has a consensus rating of “Buy” and a consensus target price of C$59.33.

North West Company Profile

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.