Leon’s Furniture Limited (TSE:LNF – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$29.93 and last traded at C$29.89, with a volume of 1893 shares changing hands. The stock had previously closed at C$29.89.
Wall Street Analyst Weigh In
A number of brokerages have commented on LNF. Acumen Capital set a C$34.00 price objective on Leon’s Furniture and gave the company a “buy” rating in a research note on Wednesday, August 21st. BMO Capital Markets raised their price objective on Leon’s Furniture from C$23.00 to C$24.00 in a research note on Thursday, May 9th.
Get Our Latest Stock Analysis on LNF
Leon’s Furniture Stock Performance
Leon’s Furniture Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Monday, September 9th will be given a $0.20 dividend. The ex-dividend date is Monday, September 9th. This represents a $0.80 annualized dividend and a yield of 2.66%. This is a boost from Leon’s Furniture’s previous quarterly dividend of $0.18. Leon’s Furniture’s payout ratio is currently 37.38%.
About Leon’s Furniture
Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.
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