Leon’s Furniture Limited (TSE:LNF) Announces Quarterly Dividend of $0.20

Leon’s Furniture Limited (TSE:LNF) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Monday, September 9th will be paid a dividend of 0.20 per share on Monday, October 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Monday, September 9th. This is a positive change from Leon’s Furniture’s previous quarterly dividend of $0.18.

Leon’s Furniture Trading Down 0.2 %

Shares of TSE LNF opened at C$28.95 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.42 and a debt-to-equity ratio of 41.88. Leon’s Furniture has a twelve month low of C$16.46 and a twelve month high of C$30.64. The company’s fifty day moving average is C$26.04 and its 200-day moving average is C$23.49. The stock has a market cap of C$1.97 billion, a price-to-earnings ratio of 13.53 and a beta of 0.82.

Leon’s Furniture (TSE:LNF) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.44 earnings per share for the quarter. The business had revenue of C$617.66 million for the quarter. Leon’s Furniture had a return on equity of 14.68% and a net margin of 5.84%. Equities research analysts predict that Leon’s Furniture will post 2.208238 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Acumen Capital set a C$34.00 price objective on Leon’s Furniture and gave the company a “buy” rating in a report on Wednesday, August 21st.

Insider Transactions at Leon’s Furniture

In related news, Senior Officer John Andrew Cooney sold 3,800 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of C$30.00, for a total value of C$114,000.00. Corporate insiders own 69.49% of the company’s stock.

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.