Empire Company Limited (TSE:EMP.A) Announces Quarterly Dividend of $0.24

Empire Company Limited (TSE:EMP.A) declared a quarterly dividend on Wednesday, July 15th, TickerTech Dividends reports. Investors of record on Friday, July 31st will be given a dividend of 0.2425 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Wednesday, July 15th. This is a 10.2% increase from Empire’s previous quarterly dividend of $0.22.

Empire Stock Performance

TSE:EMP.A opened at C$49.02 on Monday. The firm has a market capitalization of C$11.03 billion, a P/E ratio of 57.00, a P/E/G ratio of 16.20 and a beta of -0.22. The business has a 50 day simple moving average of C$48.50 and a 200 day simple moving average of C$48.16. The company has a debt-to-equity ratio of 135.51, a current ratio of 0.79 and a quick ratio of 0.29. Empire has a 12-month low of C$43.81 and a 12-month high of C$58.32.

Empire (TSE:EMP.A) last issued its earnings results on Thursday, June 18th. The company reported C$0.94 earnings per share for the quarter. The firm had revenue of C$7.81 billion for the quarter. Empire had a return on equity of 12.94% and a net margin of 2.18%. Equities research analysts predict that Empire will post 2.9581227 EPS for the current year.

Empire Company Profile

Empire Co Ltd key businesses are food retailing, investments, and other operations. The food retailing division operates through Empire’s subsidiary Sobeys and represents nearly all of the company’s income. This segment owns, affiliates, or franchises more than 1,500 stores in 10 provinces, under retail banners including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, Lawton’s Drug Stores, and multiple retail fuel locations. The company’s investment and other operations segment include the investment in Crombie REIT, which is an open-ended Canadian real estate investment trust, as well as the Genstar Development Partnership.