Empire Company Limited (EMP.A) To Go Ex-Dividend on July 15th

Empire Company Limited (TSE:EMP.A) declared a quarterly dividend on Wednesday, July 15th, TickerTech Dividends reports. Shareholders of record on Friday, July 31st will be given a dividend of 0.2425 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 15th. This is a 10.2% increase from Empire’s previous quarterly dividend of $0.22.

Empire Stock Up 1.6%

TSE:EMP.A traded up C$0.78 during trading hours on Monday, hitting C$49.80. The stock had a trading volume of 20,754 shares, compared to its average volume of 494,446. The company has a market cap of C$11.21 billion, a PE ratio of 57.91, a price-to-earnings-growth ratio of 16.20 and a beta of -0.22. The business has a 50 day simple moving average of C$48.50 and a two-hundred day simple moving average of C$48.16. Empire has a 1-year low of C$43.81 and a 1-year high of C$58.32. The company has a current ratio of 0.79, a quick ratio of 0.29 and a debt-to-equity ratio of 135.51.

Empire (TSE:EMP.A) last posted its earnings results on Thursday, June 18th. The company reported C$0.94 EPS for the quarter. The business had revenue of C$7.81 billion for the quarter. Empire had a net margin of 2.18% and a return on equity of 12.94%. Analysts predict that Empire will post 2.9581227 EPS for the current year.

About Empire

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.