Dollarama Inc. (DOL) To Go Ex-Dividend on October 9th

Dollarama Inc. (TSE:DOL) declared a quarterly dividend on Friday, October 9th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.12 per share on Friday, November 6th. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, October 9th.

Dollarama Price Performance

DOL opened at C$186.03 on Wednesday. The company has a market capitalization of C$49.92 billion, a P/E ratio of 37.36, a PEG ratio of 1.93 and a beta of 0.34. The company has a 50-day moving average of C$182.29 and a 200-day moving average of C$180.38. The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. Dollarama has a 1-year low of C$163.25 and a 1-year high of C$209.96.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Wednesday, September 16th. The company reported C$1.29 EPS for the quarter. The business had revenue of C$2.03 billion for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. Equities analysts expect that Dollarama will post 5.3295203 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DOL. Bank of America set a C$220.00 target price on Dollarama and gave the stock a “buy” rating in a report on Friday, June 12th. Ventum Financial set a C$225.00 price objective on Dollarama and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Desjardins lowered their target price on shares of Dollarama from C$215.00 to C$210.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Royal Bank Of Canada increased their target price on shares of Dollarama from C$223.00 to C$225.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. Ten analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$215.12.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.