Pet Valu Holdings Ltd. (TSE:PET) to Issue Quarterly Dividend of $0.11

Pet Valu Holdings Ltd. (TSE:PET) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.11 per share on Monday, December 16th. This represents a $0.44 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Friday, November 29th.

Pet Valu Price Performance

PET opened at C$26.76 on Wednesday. The firm’s 50 day simple moving average is C$25.89. The company has a market cap of C$1.91 billion, a price-to-earnings ratio of 23.47 and a beta of 0.81. Pet Valu has a one year low of C$23.58 and a one year high of C$32.90.

Pet Valu (TSE:PET) last announced its earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.35 by C$0.06. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. The firm had revenue of C$276.03 million during the quarter, compared to analyst estimates of C$267.68 million. On average, analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PET has been the topic of several recent research reports. Royal Bank of Canada upped their price target on Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Cormark downgraded Pet Valu from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays cut their price target on Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday, November 6th. TD Securities cut their price target on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Cibc World Mkts upgraded Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

Pet Valu Company Profile

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.