The North West Company Inc. (TSE:NWC) Declares Dividend Increase – $0.42 Per Share

The North West Company Inc. (TSE:NWC) announced a quarterly dividend on Tuesday, September 29th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.42 per share on Thursday, October 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a 2.4% increase from North West’s previous quarterly dividend of $0.41.

North West Stock Performance

Shares of North West stock traded up C$0.28 on Friday, hitting C$53.68. The stock had a trading volume of 146,091 shares, compared to its average volume of 139,293. North West has a twelve month low of C$44.63 and a twelve month high of C$56.77. The business’s 50 day moving average is C$50.46 and its two-hundred day moving average is C$51.31. The company has a quick ratio of 0.64, a current ratio of 1.84 and a debt-to-equity ratio of 57.00. The stock has a market cap of C$2.54 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 1.11 and a beta of -0.01.

North West (TSE:NWC) last released its quarterly earnings results on Tuesday, September 8th. The company reported C$0.76 earnings per share for the quarter. The business had revenue of C$681.96 million during the quarter. North West had a return on equity of 17.50% and a net margin of 5.40%. Analysts forecast that North West will post 3.4924863 EPS for the current year.

North West Company Profile

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.