The North West Company Inc. (TSE:NWC) Announces Quarterly Dividend of $0.41

The North West Company Inc. (TSE:NWC) declared a quarterly dividend on Wednesday, April 15th, TickerTech Dividends reports. Stockholders of record on Friday, April 24th will be given a dividend of 0.41 per share on Friday, April 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Wednesday, April 15th.

North West Stock Down 1.6%

TSE:NWC traded down C$0.86 during trading hours on Monday, reaching C$54.28. The company’s stock had a trading volume of 78,444 shares, compared to its average volume of 146,368. The company has a market cap of C$2.57 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.11 and a beta of 0.15. North West has a one year low of C$44.63 and a one year high of C$57.95. The business’s 50-day moving average is C$54.38 and its 200-day moving average is C$50.29. The company has a debt-to-equity ratio of 54.91, a current ratio of 2.10 and a quick ratio of 0.64.

North West (TSE:NWC) last posted its earnings results on Wednesday, April 8th. The company reported C$0.78 earnings per share for the quarter. North West had a return on equity of 17.82% and a net margin of 5.37%.The company had revenue of C$675.55 million for the quarter. Equities research analysts predict that North West will post 3.4924863 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce raised their price objective on North West from C$56.00 to C$63.00 in a research note on Thursday. BMO Capital Markets upped their target price on North West from C$56.00 to C$63.00 in a research report on Thursday. Finally, Royal Bank Of Canada increased their price target on North West from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$62.00.

North West Company Profile

The North West Co Inc is a Canada-based company that is principally engaged in retail business in underserved rural communities and urban neighborhoods. The company provides food, family apparel, housewares, appliances, and outdoor products, with food products accounting for the majority of the company’s revenue. The company also offers services, including post offices, income tax return preparation, money transfers, commercial business sales, and others. Its geographical segment includes Canada and International.