Natural Grocers by Vitamin Cottage, Inc. (NGVC) to Issue Quarterly Dividend of $0.12 on June 11th

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) announced a quarterly dividend on Thursday, May 8th, RTT News reports. Stockholders of record on Tuesday, May 27th will be paid a dividend of 0.12 per share by the specialty retailer on Wednesday, June 11th. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Tuesday, May 27th.

Natural Grocers by Vitamin Cottage has increased its dividend by an average of 10.7% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Natural Grocers by Vitamin Cottage has a payout ratio of 23.0% meaning its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Trading Down 0.0%

Shares of NGVC stock opened at $50.04 on Friday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 31.87 and a beta of 1.62. The stock has a 50-day moving average of $46.25 and a 200-day moving average of $43.14. The company has a current ratio of 0.96, a quick ratio of 0.15 and a debt-to-equity ratio of 0.28. Natural Grocers by Vitamin Cottage has a 1-year low of $20.00 and a 1-year high of $61.22.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its quarterly earnings results on Thursday, May 8th. The specialty retailer reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.14. Natural Grocers by Vitamin Cottage had a return on equity of 21.12% and a net margin of 2.84%. The company had revenue of $335.77 million during the quarter, compared to analysts’ expectations of $329.66 million. On average, equities research analysts forecast that Natural Grocers by Vitamin Cottage will post 1.61 earnings per share for the current year.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

Several institutional investors and hedge funds have recently made changes to their positions in NGVC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Natural Grocers by Vitamin Cottage by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,600 shares of the specialty retailer’s stock valued at $225,000 after purchasing an additional 234 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Natural Grocers by Vitamin Cottage by 53.9% during the 1st quarter. Jane Street Group LLC now owns 19,051 shares of the specialty retailer’s stock valued at $766,000 after purchasing an additional 6,672 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Natural Grocers by Vitamin Cottage by 164.2% during the 1st quarter. AQR Capital Management LLC now owns 48,702 shares of the specialty retailer’s stock valued at $1,958,000 after purchasing an additional 30,271 shares in the last quarter. Finally, Millennium Management LLC boosted its position in shares of Natural Grocers by Vitamin Cottage by 58.9% during the 1st quarter. Millennium Management LLC now owns 257,564 shares of the specialty retailer’s stock valued at $10,354,000 after purchasing an additional 95,434 shares in the last quarter. Institutional investors own 31.99% of the company’s stock.

About Natural Grocers by Vitamin Cottage

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; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; 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.