Dollarama Inc (TSE:DOL) announced a quarterly dividend on Thursday, September 13th, Zacks reports. Shareholders of record on Friday, October 5th will be paid a dividend of 0.04 per share on Wednesday, October 31st. This represents a $0.16 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, October 4th.
Shares of TSE DOL opened at C$43.12 on Friday. Dollarama has a fifty-two week low of C$41.63 and a fifty-two week high of C$56.67.
In related news, Director John Assaly sold 13,404 shares of Dollarama stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of C$153.60, for a total transaction of C$2,058,854.40.
Several equities research analysts have weighed in on the company. TD Securities raised Dollarama from a “hold” rating to a “buy” rating and raised their price target for the stock from C$160.00 to C$175.00 in a report on Monday, June 4th. Raymond James raised Dollarama from a “hold” rating to a “buy” rating and raised their price target for the stock from C$165.00 to C$173.00 in a report on Monday, May 28th. Desjardins raised Dollarama from a “hold” rating to a “buy” rating in a report on Monday, May 28th. Royal Bank of Canada lowered their price target on Dollarama from C$167.00 to C$166.00 and set an “outperform” rating for the company in a report on Friday, June 8th. Finally, Scotiabank lowered their price target on Dollarama from C$169.00 to C$167.00 and set an “outperform” rating for the company in a report on Friday, June 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$143.73.
Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of June 7, 2018, it operated 1,170 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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