Empire Company Limited (TSE:EMP.A) Plans Quarterly Dividend of $0.24

Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Friday, October 30th will be given a dividend of $0.2425 per share on Friday, October 30th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 15th.

Empire Stock Performance

Empire stock opened at C$48.85 on Tuesday. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51. The firm has a market cap of C$10.93 billion, a P/E ratio of 49.34, a P/E/G ratio of 16.20 and a beta of -0.21. Empire has a 1-year low of C$43.81 and a 1-year high of C$52.64. The firm has a 50-day moving average of C$48.15 and a 200-day moving average of C$48.58.

Empire (TSE:EMP.A) last announced its quarterly earnings results on Thursday, September 10th. The company reported C$1.04 earnings per share (EPS) for the quarter. The company had revenue of C$8.47 billion for the quarter. Empire had a return on equity of 12.94% and a net margin of 2.18%. Sell-side analysts expect that Empire will post 2.96 EPS for the current year.

About Empire

Empire Company Limited (TSX: EMP.A) is a Canadian company headquartered in Stellarton, Nova Scotia. Empire’s key businesses are food retailing, through wholly-owned subsidiary Sobeys Inc, and related real estate. With approximately $32 billion in annual sales and $17 billion in assets, Empire and its subsidiaries, franchisees and affiliates employ approximately 130,000 people. Additional financial information relating to Empire, including the Company’s Annual Information Form, can be found on the Company’s website at www.empireco.ca or on SEDAR+ at www.sedarplus.ca.