Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC – Get Free Report) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, May 18th will be given a dividend of 0.15 per share by the specialty retailer on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, May 18th.
Natural Grocers by Vitamin Cottage has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Natural Grocers by Vitamin Cottage has a payout ratio of 28.7% meaning its dividend is sufficiently covered by earnings.
Natural Grocers by Vitamin Cottage Stock Performance
NYSE:NGVC opened at $27.60 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.07 and a quick ratio of 0.25. Natural Grocers by Vitamin Cottage has a 1 year low of $23.47 and a 1 year high of $61.22. The stock’s 50 day simple moving average is $26.46 and its two-hundred day simple moving average is $27.63. The company has a market cap of $635.60 million, a price-to-earnings ratio of 13.40 and a beta of 1.36.
Analyst Upgrades and Downgrades
NGVC has been the topic of a number of research reports. Alliance Global Partners initiated coverage on Natural Grocers by Vitamin Cottage in a research note on Thursday, April 16th. They issued a “buy” rating and a $40.00 price objective on the stock. Weiss Ratings raised Natural Grocers by Vitamin Cottage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded Natural Grocers by Vitamin Cottage from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Natural Grocers by Vitamin Cottage presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.
Check Out Our Latest Analysis on NGVC
Natural Grocers by Vitamin Cottage Company Profile
Natural Grocers by Vitamin Cottage, Inc operates a chain of specialty grocery stores focused on natural and organic products. Founded in 1955 by Margaret and Philip Isely in Lakewood, Colorado, the company has built a reputation on strict product standards, including certified organic produce, non-GMO groceries and dietary supplements. Natural Grocers emphasizes whole, unprocessed foods and carries a broad assortment of private-label and national brands that meet its quality guidelines.
The company’s core offerings include fresh fruits and vegetables, bulk foods, vitamins, minerals and nutritional supplements, as well as natural body care and household items.
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