Leon's Furniture Limited Declares Quarterly Dividend of $0.20 (TSE:LNF)

Leon's Furniture Limited (TSE:LNF - Get Free Report) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Monday, December 9th will be paid a dividend of 0.20 per share on Monday, January 6th. This represents a $0.80 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Monday, December 9th.

Leon's Furniture Stock Down 3.1 %

Shares of LNF traded down C$0.85 during midday trading on Friday, reaching C$26.97. 52,700 shares of the stock were exchanged, compared to its average volume of 18,963. The company has a market capitalization of C$1.84 billion, a P/E ratio of 12.60 and a beta of 0.82. The company has a current ratio of 1.42, a quick ratio of 0.53 and a debt-to-equity ratio of 41.88. Leon's Furniture has a 52 week low of C$17.26 and a 52 week high of C$30.64. The company's 50 day moving average is C$28.84 and its two-hundred day moving average is C$25.62.

Leon's Furniture (TSE:LNF - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported C$0.44 EPS for the quarter. Leon's Furniture had a net margin of 5.84% and a return on equity of 14.68%. The business had revenue of C$617.66 million for the quarter. On average, sell-side analysts anticipate that Leon's Furniture will post 2.2104466 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on LNF. Stifel Canada raised shares of Leon's Furniture to a "hold" rating in a research note on Tuesday, October 22nd. Acumen Capital set a C$34.00 price target on Leon's Furniture and gave the stock a "buy" rating in a research report on Wednesday, August 21st. Finally, Stifel Nicolaus set a C$30.00 price objective on Leon's Furniture and gave the stock a "hold" rating in a research note on Wednesday, October 23rd.

Insider Buying and Selling at Leon's Furniture

In other news, Senior Officer John Andrew Cooney sold 3,800 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$30.00, for a total transaction of C$114,000.00. 69.49% of the stock is owned by insiders.

Leon's Furniture Company Profile

Leon's Furniture Limited, together with its subsidiaries, operates as a retailer of home furnishings, mattresses, appliances, and electronics in Canada. It operates in two segments, Leon's and The Brick. The company provides repair services for household furniture, electronics, and appliances; home office products; warranties; and credit insurance products, including life, dismemberment, disability, critical illness, and involuntary unemployment.