Dollarama Inc Declares Quarterly Dividend of $0.11 (DOL)
Dollarama Inc (TSE:DOL) announced a quarterly dividend on Thursday, September 7th, Zacks reports. Stockholders of record on Friday, October 6th will be given a dividend of 0.11 per share on Wednesday, November 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Thursday, October 5th.
Shares of Dollarama (DOL) opened at 134.72 on Friday. Dollarama has a 1-year low of $93.27 and a 1-year high of $137.80. The company has a market cap of $15.31 billion and a price-to-earnings ratio of 34.88. The stock has a 50 day moving average price of $122.65 and a 200-day moving average price of $117.70.
Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The company had revenue of $704.95 million during the quarter, compared to analyst estimates of $712.60 million. Dollarama had a return on equity of 559.12% and a net margin of 13.43%. Equities research analysts forecast that Dollarama will post $4.37 earnings per share for the current year.
In other news, Director Nicolas Hien sold 1,750 shares of Dollarama stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of C$122.83, for a total transaction of C$214,952.50.
Several research firms recently commented on DOL. TD Securities lifted their price target on Dollarama from C$125.00 to C$135.00 in a research report on Thursday, June 8th. Royal Bank Of Canada raised their price objective on shares of Dollarama from C$138.00 to C$139.00 and gave the stock an “outperform” rating in a research note on Thursday, June 8th. CIBC raised their price objective on shares of Dollarama from C$125.00 to C$141.00 in a research note on Thursday, June 8th. National Bank Financial raised their price objective on shares of Dollarama from C$120.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Thursday, June 8th. Finally, Barclays PLC raised their price objective on shares of Dollarama from C$115.00 to C$121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$134.00.
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Dollarama Company Profile
Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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