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

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

North West Stock Performance

NWC stock opened at C$50.15 on Friday. The company has a quick ratio of 0.64, a current ratio of 2.12 and a debt-to-equity ratio of 57.01. The firm has a market cap of C$2.38 billion, a PE ratio of 17.29, a P/E/G ratio of 1.11 and a beta of 0.00. The business has a 50 day moving average of C$50.81 and a 200-day moving average of C$51.64. North West has a 12-month low of C$44.63 and a 12-month high of C$56.77.

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 return on equity of 17.73% and a net margin of 5.45%.The business had revenue of C$631.63 million for the quarter. As a group, sell-side analysts expect that North West will post 3.4924863 earnings per share for the current year.

Analysts Set New Price Targets

NWC has been the subject of several research reports. BMO Capital Markets reduced their price target on shares of 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. 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 on the stock in a research report on Thursday, June 11th. Royal Bank Of Canada dropped their target price on shares of North West from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Thursday, June 11th. Finally, TD Securities raised shares of North West to a “strong-buy” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.