Loblaw Companies Limited Plans Quarterly Dividend of $0.16 (TSE:L)

Loblaw Companies Limited (TSE:L) announced a quarterly dividend on Tuesday, September 15th. Investors 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 yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

Loblaw Companies Stock Performance

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

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

Insider Activity

In other news, insider Mark William Henry Wilson sold 24,496 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of C$62.68, for a total value of C$1,535,409.28. Also, insider Per Bank sold 203,623 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$62.01, for a total transaction of C$12,626,662.23. In the last three months, insiders have sold 267,881 shares of company stock valued at $16,627,713. Insiders own 53.77% of the company’s stock.

About Loblaw Companies

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.