Empire Company Limited (TSE:EMP.A) Declares Quarterly Dividend of $0.11
Empire Company Limited (TSE:EMP.A) declared a quarterly dividend on Friday, January 12th, TickerTech reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.105 per share on Wednesday, January 31st. This represents a $0.42 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, January 12th.
Shares of Empire (TSE:EMP.A) opened at C$24.17 on Tuesday. Empire has a 1 year low of C$16.01 and a 1 year high of C$26.34. The company has a market cap of $6,570.00, a P/E ratio of 73.24 and a beta of -0.24.
EMP.A has been the subject of several recent analyst reports. National Bank Financial upped their target price on shares of Empire from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, December 8th. Royal Bank of Canada boosted their price target on shares of Empire from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 14th. Raymond James Financial upped their target price on shares of Empire from C$24.00 to C$26.00 and gave the company a “market perform” rating in a research report on Thursday, December 14th. TD Securities upped their price target on shares of Empire from C$25.00 to C$26.00 in a report on Friday, December 15th. Finally, BMO Capital Markets upped their price target on shares of Empire from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Thursday, December 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of C$28.00.
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Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.
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