Loblaw Companies Limited (TSE:L) Declares Quarterly Dividend of $0.14

Loblaw Companies Limited (TSE:L) declared a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Wednesday, April 1st will be given a dividend of 0.1411 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, March 13th.

Loblaw Companies Stock Performance

Shares of TSE L traded down C$0.50 during trading hours on Wednesday, hitting C$62.64. 339,044 shares of the company’s stock were exchanged, compared to its average volume of 1,406,662. The company’s 50-day moving average price is C$63.97 and its 200-day moving average price is C$60.16. Loblaw Companies has a 1-year low of C$45.47 and a 1-year high of C$69.59. The stock has a market capitalization of C$73.41 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 3.23 and a beta of 0.29. The company has a debt-to-equity ratio of 227.92, a current ratio of 1.08 and a quick ratio of 0.68.

Loblaw Companies (TSE:L) last released its earnings results on Wednesday, February 25th. The company reported C$0.67 earnings per share (EPS) for the quarter. Loblaw Companies had a return on equity of 24.03% and a net margin of 4.17%. On average, sell-side analysts expect that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.

Loblaw Companies Company Profile

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.