Pet Valu Holdings Ltd. (TSE:PET) Declares Quarterly Dividend of $0.58

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Investors of record on Friday, December 20th will be given a dividend of 0.58 per share on Friday, January 3rd. This represents a $2.32 annualized dividend and a yield of 9.32%. This is an increase from Pet Valu's previous quarterly dividend of $0.11.

Pet Valu Trading Down 2.2 %

Pet Valu stock traded down C$0.57 during mid-day trading on Tuesday, reaching C$24.90. The company's stock had a trading volume of 162,214 shares, compared to its average volume of 70,998. Pet Valu has a twelve month low of C$23.58 and a twelve month high of C$32.90. The firm's 50 day moving average is C$25.50. The company has a market capitalization of C$1.78 billion, a price-to-earnings ratio of 21.84 and a beta of 0.81.

Pet Valu (TSE:PET - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.36 EPS for the quarter, topping analysts' consensus estimates of C$0.33 by C$0.03. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. The firm had revenue of C$265.23 million during the quarter, compared to the consensus estimate of C$266.86 million. As a group, research analysts expect that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PET shares. Cibc World Mkts raised Pet Valu to a "strong-buy" rating in a research note on Wednesday, August 7th. Barclays upgraded shares of Pet Valu to a "strong-buy" rating in a research report on Wednesday, August 7th.

About Pet Valu

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.