Empire Company Limited Plans Quarterly Dividend of $0.20 (TSE:EMP.A)

Empire Company Limited (TSE:EMP.A - Get Free Report) announced a quarterly dividend on Wednesday, January 15th,TickerTech Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.20 per share on Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Wednesday, January 15th.

Empire Trading Down 0.2 %

Shares of TSE EMP.A traded down C$0.10 during trading on Monday, reaching C$43.60. The stock had a trading volume of 88,503 shares, compared to its average volume of 388,868. Empire has a fifty-two week low of C$31.45 and a fifty-two week high of C$46.77. The company has a debt-to-equity ratio of 135.51, a quick ratio of 0.29 and a current ratio of 0.79. The business's 50-day moving average price is C$42.74 and its 200-day moving average price is C$39.35. The company has a market cap of C$6.12 billion, a P/E ratio of 15.91, a PEG ratio of 16.20 and a beta of 0.48.

Wall Street Analysts Forecast Growth

EMP.A has been the subject of several analyst reports. Scotiabank boosted their target price on Empire from C$44.00 to C$47.00 in a research note on Friday, December 13th. Desjardins lifted their price target on Empire from C$47.00 to C$50.00 in a report on Sunday, December 15th. Royal Bank of Canada lifted their price target on Empire from C$42.00 to C$46.00 in a report on Tuesday, November 12th. BMO Capital Markets lifted their price target on Empire from C$44.00 to C$48.00 in a report on Friday, December 13th. Finally, CIBC lifted their price target on Empire from C$47.00 to C$55.00 in a report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Empire presently has an average rating of "Hold" and a consensus price target of C$48.57.

Insider Buying and Selling

In other Empire news, Director Michael Bennett Medline sold 75,844 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$44.83, for a total transaction of C$3,400,086.52. Also, Senior Officer Simon Gagne sold 8,458 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of C$44.48, for a total value of C$376,211.84. Insiders have sold a total of 96,154 shares of company stock worth $4,305,270 in the last quarter. Company insiders own 2.18% of the company's stock.

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.