Loblaw Companies Limited (TSE:L – Get Free Report) announced a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Wednesday, April 1st will be given a dividend of 0.1411 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, March 13th.
Loblaw Companies Stock Performance
L traded down C$0.77 on Wednesday, hitting C$62.37. 272,541 shares of the company’s stock were exchanged, compared to its average volume of 1,405,039. The company has a current ratio of 1.08, a quick ratio of 0.68 and a debt-to-equity ratio of 227.92. The stock has a fifty day moving average of C$63.97 and a two-hundred day moving average of C$60.16. Loblaw Companies has a twelve month low of C$45.47 and a twelve month high of C$69.59. The firm has a market cap of C$73.09 billion, a PE ratio of 28.09, a P/E/G ratio of 3.23 and a beta of 0.29.
Loblaw Companies (TSE:L – Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported C$0.67 EPS for the quarter. Loblaw Companies had a return on equity of 24.03% and a net margin of 4.17%. On average, research analysts anticipate that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.
About Loblaw Companies
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.
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