Empire Company Limited (TSE:EMP.A - Get Free Report) announced a quarterly dividend on Tuesday, April 15th, TickerTech Dividends reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.20 per share on Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Tuesday, April 15th.
Empire Trading Up 1.2 %
EMP.A traded up C$0.56 during trading on Friday, reaching C$49.18. 411,953 shares of the stock traded hands, compared to its average volume of 562,043. The stock has a market capitalization of C$6.91 billion, a PE ratio of 17.95, a P/E/G ratio of 16.20 and a beta of 0.48. The stock's 50-day moving average is C$45.32 and its 200 day moving average is C$43.29. The company has a quick ratio of 0.29, a current ratio of 0.79 and a debt-to-equity ratio of 135.51. Empire has a 12 month low of C$31.50 and a 12 month high of C$49.28.
Insider Buying and Selling at Empire
In other news, Senior Officer Matthew Reindel sold 1,852 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$46.16, for a total value of C$85,488.32. Also, Senior Officer Pierre St-Laurent sold 5,354 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of C$44.96, for a total value of C$240,715.84. Over the last quarter, insiders sold 20,459 shares of company stock valued at $961,651. Corporate insiders own 2.18% of the company's stock.
Wall Street Analyst Weigh In
Separately, Scotiabank raised Empire from a "sector perform" rating to an "outperform" rating and raised their price target for the company from C$47.00 to C$49.00 in a report on Friday, March 14th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of C$48.86.
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About Empire
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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.
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