Sleep Country Canada Holdings Inc (ZZZ) Increases Dividend to $0.20 Per Share

Sleep Country Canada Holdings Inc (TSE:ZZZ) announced a quarterly dividend on Friday, May 17th, TickerTech reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.195 per share on Friday, May 31st. This represents a $0.78 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, May 17th. This is a positive change from Sleep Country Canada’s previous quarterly dividend of $0.19.

TSE ZZZ opened at C$19.54 on Thursday. The company has a debt-to-equity ratio of 167.76, a current ratio of 1.03 and a quick ratio of 0.29. The company has a market cap of $721.02 million and a P/E ratio of 12.29. Sleep Country Canada has a 52 week low of C$16.01 and a 52 week high of C$35.13.

Sleep Country Canada (TSE:ZZZ) last posted its quarterly earnings data on Tuesday, February 26th. The company reported C$0.40 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.02). The company had revenue of C$160.10 million for the quarter, compared to analysts’ expectations of C$162.90 million. Research analysts forecast that Sleep Country Canada will post 2 earnings per share for the current fiscal year.

Several research analysts recently commented on the stock. CIBC reduced their price objective on shares of Sleep Country Canada from C$21.00 to C$20.00 in a research note on Wednesday, May 8th. Raymond James set a C$30.00 price objective on shares of Sleep Country Canada and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. BMO Capital Markets reduced their price objective on shares of Sleep Country Canada from C$25.00 to C$21.00 in a research note on Wednesday, May 8th. Royal Bank of Canada reduced their price objective on shares of Sleep Country Canada from C$27.00 to C$23.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Finally, National Bank Financial reduced their price objective on shares of Sleep Country Canada from C$24.00 to C$22.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$24.19.

ILLEGAL ACTIVITY WARNING: “Sleep Country Canada Holdings Inc (ZZZ) Increases Dividend to $0.20 Per Share” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2019/05/16/sleep-country-canada-holdings-inc-zzz-increases-dividend-to-0-20-per-share.html.

About Sleep Country Canada

Sleep Country Canada Holdings Inc, together with its subsidiaries, engages in retailing mattress and bedding related products in Canada. The company offers a range of mattresses, adjustable lifestyle bases, box spring bases, pillows, duvets, sheets, headboards, footboards, frames, mattress and pillow protectors, platforms, and other sleep accessories.

Read More: Why is the ex-dividend date different from the record date?

Dividend History for Sleep Country Canada (TSE:ZZZ)

Receive News & Ratings for Sleep Country Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sleep Country Canada and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply