Albertsons Companies, Inc. (NYSE:ACI) to Issue $0.12 Quarterly Dividend

Albertsons Companies, Inc. (NYSE:ACI) declared a quarterly dividend on Thursday, April 11th, NASDAQ reports. Stockholders of record on Friday, April 26th will be paid a dividend of 0.12 per share on Friday, May 10th. This represents a $0.48 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, April 25th.

Albertsons Companies has increased its dividend by an average of 68.7% annually over the last three years. Albertsons Companies has a payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Albertsons Companies to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 19.0%.

Albertsons Companies Stock Up 0.4 %

Shares of NYSE:ACI opened at $20.32 on Wednesday. The company has a fifty day moving average of $20.88 and a 200-day moving average of $21.62. The company has a market capitalization of $11.71 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.95 and a beta of 0.50. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.19 and a current ratio of 0.84. Albertsons Companies has a 52-week low of $19.88 and a 52-week high of $23.88.

Analyst Upgrades and Downgrades

ACI has been the topic of a number of research analyst reports. Roth Mkm raised shares of Albertsons Companies from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Tuesday. Tigress Financial reaffirmed a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research report on Friday, January 12th. Telsey Advisory Group reissued a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Tuesday. Royal Bank of Canada cut their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Evercore ISI cut their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.45.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company's food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.