Safeway Inc. Declares Quarterly Dividend of $0.23 (SWY)
Safeway (NYSE:SWY) announced a quarterly dividend on Friday, August 22nd, Stock Ratings Network reports. Shareholders of record on Thursday, September 18th will be paid a dividend of 0.23 per share on Thursday, October 9th. This represents a $0.92 annualized dividend and a dividend yield of 2.66%.
On the ratings front, analysts at Paradigm Capital cut their price target on shares of Safeway from $2.00 to $1.05 in a research note on Friday, July 18th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.51.
Safeway (NYSE:SWY) opened at 34.61 on Friday. Safeway has a 52-week low of $22.9275 and a 52-week high of $36.034. The stock’s 50-day moving average is $34.59 and its 200-day moving average is $33.7. The company has a market cap of $7.919 billion and a P/E ratio of 2.43.
Safeway (NYSE:SWY) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.08. Analysts expect that Safeway will post $1.07 EPS for the current fiscal year.
Safeway Inc (NYSE:SWY) is a food and drug retailer in North America.
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