The North West Company Inc. (NWC) to Distribute Quarterly Dividend of $0.41 on July 15th

The North West Company Inc. (TSE:NWC) declared a quarterly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be given a dividend of 0.41 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

North West Trading Up 0.1%

Shares of North West stock opened at C$50.15 on Friday. The company has a debt-to-equity ratio of 57.01, a current ratio of 2.12 and a quick ratio of 0.64. North West has a 1 year low of C$44.63 and a 1 year high of C$56.77. The firm has a market cap of C$2.38 billion, a PE ratio of 17.29, a PEG ratio of 1.11 and a beta of 0.00. The company has a 50 day simple moving average of C$50.81 and a two-hundred day simple moving average of C$51.64.

North West (TSE:NWC) last issued its quarterly earnings results on Tuesday, June 9th. The company reported C$0.56 EPS for the quarter. North West had a net margin of 5.45% and a return on equity of 17.73%. The business had revenue of C$631.63 million for the quarter. Analysts expect that North West will post 3.4924863 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on NWC shares. Canadian Imperial Bank of Commerce lowered their price objective on shares of North West from C$63.00 to C$58.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. TD Securities raised shares of North West to a “strong-buy” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada cut their price objective on North West from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. Finally, BMO Capital Markets decreased their target price on North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$59.33.

About North West

The North West Company Inc, through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.