Family Dollar Stores, Inc. (FDO) Announces Quarterly Dividend of $0.31
Family Dollar Stores (NYSE:FDO) declared a quarterly dividend on Wednesday, September 3rd, Stock Ratings News reports. Investors of record on Monday, September 15th will be given a dividend of 0.31 per share on Wednesday, October 15th. This represents a $1.24 dividend on an annualized basis and a yield of 1.55%.
Several analysts have recently commented on the stock. Analysts at MKM Partners raised their price target on shares of Family Dollar Stores from $74.50 to $78.50 in a research note on Tuesday, August 19th. They now have a “neutral” rating on the stock. On a related note, analysts at Barclays upgraded shares of Family Dollar Stores from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, August 19th. They now have a $82.00 price target on the stock, up previously from $50.00. Finally, analysts at Piper Jaffray upgraded shares of Family Dollar Stores from an “underweight” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $74.50 price target on the stock, up previously from $50.00. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.67.
Shares of Family Dollar Stores (NYSE:FDO) traded up 0.01% on Wednesday, hitting $80.23. 1,827,215 shares of the company’s stock traded hands. Family Dollar Stores has a 52-week low of $55.64 and a 52-week high of $80.97. The stock’s 50-day moving average is $73.33 and its 200-day moving average is $64.34. The company has a market cap of $9.142 billion and a P/E ratio of 26.21.
Family Dollar Stores (NYSE:FDO) last announced its earnings results on Thursday, July 10th. The company reported $0.85 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.89 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Family Dollar Stores will post $3.09 earnings per share for the current fiscal year.
Family Dollar Stores, Inc (NYSE:FDO) operates a chain of more than 7,900 general merchandise retail discount stores in 46 states, providing consumers with a selection of merchandise in neighborhood stores.
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