Natural Grocers by Vitamin Cottage, Inc. Announces Quarterly Dividend of $0.10 (NYSE:NGVC)

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVCGet Rating) announced a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Monday, August 29th will be given a dividend of 0.10 per share by the specialty retailer on Wednesday, September 14th. This represents a $0.40 annualized dividend and a yield of 2.47%. The ex-dividend date is Friday, August 26th.

Natural Grocers by Vitamin Cottage has a payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Stock Performance

NGVC stock traded down $0.74 during trading on Friday, hitting $16.20. 174,248 shares of the company’s stock traded hands, compared to its average volume of 55,723. The company has a quick ratio of 0.29, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. Natural Grocers by Vitamin Cottage has a 52 week low of $9.88 and a 52 week high of $24.25. The stock has a fifty day moving average price of $16.62 and a two-hundred day moving average price of $17.67. The stock has a market capitalization of $367.42 million, a price-to-earnings ratio of 13.97 and a beta of 1.05.

Natural Grocers by Vitamin Cottage (NYSE:NGVCGet Rating) last released its earnings results on Thursday, August 4th. The specialty retailer reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). Natural Grocers by Vitamin Cottage had a net margin of 2.43% and a return on equity of 17.76%. The business had revenue of $266.31 million for the quarter. As a group, equities analysts anticipate that Natural Grocers by Vitamin Cottage will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Natural Grocers by Vitamin Cottage

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in shares of Natural Grocers by Vitamin Cottage by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 165,647 shares of the specialty retailer’s stock valued at $3,247,000 after purchasing an additional 549 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Natural Grocers by Vitamin Cottage by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 78,751 shares of the specialty retailer’s stock valued at $1,544,000 after purchasing an additional 790 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Natural Grocers by Vitamin Cottage by 285.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 1,480 shares in the last quarter. Hsbc Holdings PLC raised its stake in Natural Grocers by Vitamin Cottage by 13.5% during the first quarter. Hsbc Holdings PLC now owns 13,805 shares of the specialty retailer’s stock worth $271,000 after acquiring an additional 1,639 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Natural Grocers by Vitamin Cottage by 35.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,121 shares of the specialty retailer’s stock valued at $512,000 after buying an additional 6,827 shares in the last quarter. Institutional investors and hedge funds own 32.03% of the company’s stock.

About Natural Grocers by Vitamin Cottage

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Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; bulk food products; private label products comprising pasta, pasta sauce, ketchup, canned beans and vegetables, frozen vegetables, frozen fruits, frozen meals, frozen pizza, bread, baking mixes, plant based butter, olive and coconut oil, coconut milk, honey, maple syrup, preserves, chocolate, coffee, bacon, beef jerky, canned seafood, popcorn, tortilla chips, taco shells, eggs, cheese, apple sauce, apple cider vinegar, spring water, paper products, cleaning products, and other products; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.

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Dividend History for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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