Loblaw Companies Limited (TSE:L) to Issue Dividend Increase – $0.16 Per Share

Loblaw Companies Limited (TSE:L) declared a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 1st will be paid a dividend of 0.1552 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Monday, June 15th. This is a 10.0% increase from Loblaw Companies’s previous quarterly dividend of $0.14.

Loblaw Companies Trading Down 2.5%

L stock traded down C$1.68 during mid-day trading on Friday, reaching C$65.00. The company had a trading volume of 1,266,398 shares, compared to its average volume of 1,367,591. The company has a debt-to-equity ratio of 153.41, a current ratio of 1.09 and a quick ratio of 0.68. The company has a market capitalization of C$75.65 billion, a PE ratio of 28.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.15. The firm has a 50 day moving average of C$62.41 and a 200 day moving average of C$62.91. Loblaw Companies has a 12 month low of C$52.92 and a 12 month high of C$69.59.

Loblaw Companies (TSE:L) last issued its earnings results on Wednesday, May 6th. The company reported C$0.52 EPS for the quarter. The business had revenue of C$14.48 billion for the quarter. Loblaw Companies had a net margin of 4.29% and a return on equity of 24.88%. On average, equities analysts predict that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.

Loblaw Companies Company Profile

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.