Loblaw Companies Limited (L) to Issue Quarterly Dividend of $0.16 on October 1st

Loblaw Companies Limited (TSE:L) announced a quarterly dividend on Tuesday, September 15th. Stockholders of record on Thursday, October 1st will be given a dividend of 0.1552 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 15th.

Loblaw Companies Stock Down 0.3%

Shares of L stock traded down C$0.18 on Friday, hitting C$61.28. The stock had a trading volume of 917,216 shares, compared to its average volume of 1,336,503. The business has a 50 day moving average of C$63.11 and a 200 day moving average of C$63.07. The stock has a market cap of C$70.82 billion, a price-to-earnings ratio of 25.97, a price-to-earnings-growth ratio of 3.23 and a beta of 0.06. The company has a debt-to-equity ratio of 151.15, a current ratio of 1.06 and a quick ratio of 0.68. Loblaw Companies has a 12-month low of C$52.92 and a 12-month high of C$69.59.

Loblaw Companies (TSE:L) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.66 earnings per share for the quarter. Loblaw Companies had a net margin of 4.32% and a return on equity of 25.25%. The business had revenue of C$15.05 billion for the quarter. As a group, analysts expect that Loblaw Companies will post 9.1225541 EPS for the current year.

Loblaw Companies Company Profile

Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,800 corporate franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers. Loblaw’s purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company’s stores.