Albertsons Companies, Inc. (ACI) To Go Ex-Dividend on July 24th

Albertsons Companies, Inc. (NYSE:ACI) declared a quarterly dividend on Tuesday, July 14th. Stockholders of record on Friday, July 24th will be paid a dividend of 0.17 per share on Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, July 24th.

Albertsons Companies has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 1 years. Albertsons Companies has a dividend payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Albertsons Companies to earn $2.24 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 30.4%.

Albertsons Companies Stock Down 1.7%

ACI stock opened at $14.70 on Wednesday. The business’s fifty day moving average price is $15.08 and its two-hundred day moving average price is $16.45. Albertsons Companies has a fifty-two week low of $13.16 and a fifty-two week high of $20.91. The stock has a market capitalization of $7.20 billion, a price-to-earnings ratio of 45.94, a PEG ratio of 1.71 and a beta of 0.42. The company has a debt-to-equity ratio of 4.58, a current ratio of 0.86 and a quick ratio of 0.20.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.