Hudson's Bay Co (HBC) to Issue Quarterly Dividend of $0.01 on January 15th
Hudson's Bay Co (TSE:HBC) declared a quarterly dividend on Wednesday, December 6th, Zacks reports. Investors of record on Friday, December 29th will be paid a dividend of 0.013 per share on Monday, January 15th. This represents a $0.05 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date is Thursday, December 28th.
Shares of Hudson's Bay (HBC) traded up C$0.03 during mid-day trading on Friday, reaching C$10.61. The company had a trading volume of 323,600 shares, compared to its average volume of 598,797. Hudson's Bay has a 1-year low of C$8.08 and a 1-year high of C$13.45. The company has a market cap of $1,940.00, a price-to-earnings ratio of -2.37 and a beta of 1.21.
HBC has been the subject of a number of recent analyst reports. CIBC increased their price objective on Hudson's Bay from C$10.50 to C$12.50 in a report on Thursday, September 7th. Cowen decreased their price objective on Hudson's Bay from C$14.00 to C$12.00 in a report on Thursday, December 7th. Canaccord Genuity decreased their price objective on Hudson's Bay from C$11.00 to C$9.00 and set a “hold” rating for the company in a report on Thursday, September 7th. TD Securities increased their price objective on Hudson's Bay from C$12.50 to C$13.50 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, BMO Capital Markets lowered Hudson's Bay from an “outperform” rating to a “market perform” rating and set a C$11.00 price objective for the company. in a report on Friday, December 8th. Nine analysts have rated the stock with a hold rating, Hudson's Bay has an average rating of “Hold” and a consensus target price of C$11.72.
Hudson's Bay Company Profile
Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.
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