Dollarama Plans Quarterly Dividend of $0.14 (DOL)
Dollarama (TSE:DOL) announced a quarterly dividend on Wednesday, September 11th, Analyst Ratings.Net reports. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.14 per share on Tuesday, November 5th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%.
DOL has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Dollarama (TSE:DOL) from C$81.00 to C$85.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. On the ratings front, analysts at TD Securities downgraded shares of Dollarama (TSE:DOL) from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 29th. They now have a C$82.00 price target on the stock, up previously from C$81.00. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of Dollarama (TSE:DOL) in a research note to investors on Monday, July 8th. They now have a C$80.00 price target on the stock.
Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of C$79.00.
Shares of Dollarama (TSE:DOL) traded up 6.50% on Wednesday, hitting $78.92. 117,413 shares of the company’s stock traded hands. Dollarama has a one year low of $55.99 and a one year high of $78.43. The stock has a 50-day moving average of $75.17 and a 200-day moving average of $70.98. The company has a market cap of $5.600 billion and a P/E ratio of 24.38.
Dollarama Inc (TSE:DOL) is a dollar store operator in Canada.
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