Loblaw Companies Limited (TSE:L) Plans $0.51 Quarterly Dividend

Loblaw Companies Limited (TSE:L) declared a quarterly dividend on Friday, March 14th, TickerTech Dividends reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.513 per share on Tuesday, April 1st. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, March 14th.

Loblaw Companies Stock Performance

TSE L traded down C$3.30 during trading hours on Wednesday, hitting C$183.41. 180,854 shares of the company’s stock traded hands, compared to its average volume of 388,102. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11. Loblaw Companies has a 52 week low of C$145.80 and a 52 week high of C$196.49. The firm has a market capitalization of C$55.45 billion, a P/E ratio of 24.90, a P/E/G ratio of 3.23 and a beta of 0.17. The business’s fifty day moving average price is C$183.28 and its two-hundred day moving average price is C$181.58.

Analyst Upgrades and Downgrades

L has been the subject of several analyst reports. Scotiabank lowered Loblaw Companies from an “outperform” rating to a “sector perform” rating and set a C$200.00 price objective for the company. in a research note on Wednesday, January 8th. CIBC upped their price target on Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. National Bankshares raised their price objective on Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. TD Securities cut their price objective on Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Desjardins raised their target price on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$199.38.

Insider Buying and Selling

In other Loblaw Companies news, Director Richard Dufresne sold 25,783 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total value of C$4,809,847.01. Also, Director Christie James Beckett Clark sold 2,105 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$189.69, for a total value of C$399,297.45. Over the last 90 days, insiders sold 143,561 shares of company stock worth $26,365,542. 53.77% of the stock is owned by corporate insiders.

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.