Albertsons Companies, Inc. (NYSE:ACI) Announces Quarterly Dividend of $0.17

Albertsons Companies, Inc. (NYSE:ACI) announced a quarterly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be given a dividend of $0.17 per share on Friday, November 6th. This represents a $0.68 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, October 23rd.

Albertsons Companies has raised its dividend by an average of 0.2% per year over the last three years and has increased its dividend every year for the last 1 years. Albertsons Companies has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Albertsons Companies to earn $1.68 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 40.5%.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $12.75 on Wednesday. Albertsons Companies has a 52-week low of $10.86 and a 52-week high of $20.00. The company’s 50 day moving average is $12.17 and its 200 day moving average is $14.23. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 159.34, a PEG ratio of 2.14 and a beta of 0.40. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 5.22.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.33 by $0.03. Albertsons Companies had a return on equity of 45.59% and a net margin of 0.08%. The firm had revenue of $18.89 billion during the quarter, compared to analyst estimates of $18.87 billion. During the same period in the previous year, the company posted $0.30 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Albertsons Companies will post 1.65 EPS for the current fiscal year.

Albertsons Companies Company Profile

Albertsons Companies, Inc is a U.S. food and drug retailer headquartered in Boise, Idaho. The company operates supermarkets, pharmacies and related retail businesses under banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Pavilions, Carrs and Haggen.

Its stores offer groceries, fresh produce, meat and seafood, bakery and deli items, household products, health and beauty products, and pharmacy services. Albertsons also provides private-label products, fuel at select locations, grocery delivery and pickup, digital shopping tools, and customer loyalty programs.

The company’s history traces to 1939, when Joe Albertson opened the first Albertsons store in Boise.