The North West Company Inc. (TSE:NWC) Plans Quarterly Dividend of $0.42

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 annualized dividend 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 Price Performance

Shares of NWC traded up C$0.28 during trading hours on Friday, reaching C$53.68. 146,091 shares of the stock traded hands, compared to its average volume of 139,293. The company has a current ratio of 1.84, a quick ratio of 0.64 and a debt-to-equity ratio of 57.00. North West has a 52-week low of C$44.63 and a 52-week high of C$56.77. The company’s 50-day moving average price is C$50.46 and its two-hundred day moving average price is C$51.31. The company has a market cap of C$2.54 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.11 and a beta of -0.01.

North West (TSE:NWC) last issued its quarterly earnings results on Tuesday, September 8th. The company reported C$0.76 earnings per share (EPS) 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%. On average, analysts anticipate that North West will post 3.4924863 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NWC shares. Royal Bank Of Canada cut their target price on North West from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research report on Thursday, June 11th. Canadian Imperial Bank of Commerce boosted their price target on North West from C$58.00 to C$62.00 and gave the stock an “outperformer” rating in a report on Thursday, September 10th. Finally, BMO Capital Markets dropped their price target on North West from C$63.00 to C$59.00 and set an “outperform” rating for the company in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$60.67.

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.