Empire Company Limited (TSE:EMP.A) announced a quarterly dividend on Tuesday, July 14th, TickerTech reports. Stockholders of record on Friday, July 31st will be paid a dividend of 0.13 per share on Friday, July 31st. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, July 14th. This is a positive change from Empire’s previous quarterly dividend of $0.12.
Shares of TSE EMP.A opened at C$32.48 on Friday. The company’s 50-day simple moving average is C$31.60 and its 200-day simple moving average is C$30.76. Empire has a 52-week low of C$23.88 and a 52-week high of C$37.43. The firm has a market cap of $5.51 billion and a price-to-earnings ratio of 15.11. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of 172.93.
Several analysts have recently issued reports on EMP.A shares. CIBC lifted their target price on shares of Empire from C$35.00 to C$37.00 in a research report on Friday, June 19th. Scotiabank boosted their price target on shares of Empire from C$36.50 to C$40.00 in a research report on Friday, June 19th. National Bank Financial boosted their price target on shares of Empire from C$37.00 to C$39.00 and gave the stock an “outperform” rating in a research report on Friday, June 19th. Royal Bank of Canada boosted their price target on shares of Empire from C$37.00 to C$38.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 26th. Finally, TD Securities boosted their price target on shares of Empire from C$32.00 to C$35.00 and gave the stock a “hold” rating in a research report on Friday, June 19th.
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.
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