Leon’s Furniture Ltd. Plans Quarterly Dividend of $0.14 (TSE:LNF)

Leon’s Furniture Ltd. (TSE:LNF) announced a quarterly dividend on Wednesday, November 13th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.14 per share on Monday, January 6th. This represents a $0.56 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Thursday, December 5th.

TSE:LNF opened at C$16.02 on Wednesday. The firm’s 50-day moving average is C$15.68 and its 200-day moving average is C$15.50. Leon’s Furniture has a 52-week low of C$14.01 and a 52-week high of C$16.48. The company has a debt-to-equity ratio of 65.72, a quick ratio of 0.53 and a current ratio of 1.24. The company has a market cap of $1.25 billion and a price-to-earnings ratio of 12.37.

Several research firms recently weighed in on LNF. BMO Capital Markets increased their target price on shares of Leon’s Furniture from C$17.00 to C$18.00 in a research note on Friday, August 16th. CIBC boosted their price target on Leon’s Furniture from C$17.00 to C$18.00 in a research note on Friday, August 16th. Finally, Desjardins upped their price target on Leon’s Furniture from C$20.00 to C$21.00 in a report on Thursday, August 15th.

Leon’s Furniture Company Profile

Leon’s Furniture Limited is the largest retailer of furniture, mattresses, appliances and electronics in Canada. Our retail banners include: Leon’s; The Brick; The Brick Mattress Store; and The Brick Outlet. Finally,
with the Midnorthern Appliance banner alongside the Appliance Canada banner, we are also the country’s largest commercial retailer of appliances to builders, developers, hotels and property management companies.

Further Reading: What are trading strategies for the 52-week high/low?

Dividend History for Leon`s Furniture (TSE:LNF)

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