Empire Company Limited (TSE:EMP.A) Increases Dividend to $0.24 Per Share

Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Wednesday, July 15th, TickerTech Dividends reports. Stockholders of record on Friday, July 31st will be paid a dividend of 0.2425 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, July 15th. This is a 10.2% increase from Empire’s previous quarterly dividend of $0.22.

Empire Stock Performance

Shares of TSE:EMP.A opened at C$49.02 on Monday. The business’s 50-day simple moving average is C$48.50 and its 200 day simple moving average is C$48.16. The company has a market cap of C$11.03 billion, a P/E ratio of 57.00, a PEG ratio of 16.20 and a beta of -0.22. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79. Empire has a one year low of C$43.81 and a one year high of C$58.32.

Empire (TSE:EMP.A) last released its quarterly earnings results on Thursday, June 18th. The company reported C$0.94 earnings per share for the quarter. Empire had a return on equity of 12.94% and a net margin of 2.18%.The firm had revenue of C$7.81 billion during the quarter. On average, sell-side analysts forecast that Empire will post 2.9581227 earnings per share for the current fiscal year.

About Empire

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.