Loblaw Companies Limited (TSE:L) Declares Quarterly Dividend of $0.51

Loblaw Companies Limited (TSE:L) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Shareholders of record on Sunday, December 15th will be given a dividend of 0.513 per share on Monday, December 30th. This represents a $2.05 annualized dividend and a yield of 1.14%.

Loblaw Companies Stock Performance

Shares of L opened at C$180.63 on Friday. The company has a 50-day moving average of C$177.46 and a two-hundred day moving average of C$167.82. The stock has a market cap of C$55.16 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. CIBC lifted their price objective on shares of Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday. National Bankshares upped their price target on Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday. TD Securities lowered their target price on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research note on Thursday. Desjardins raised their price target on shares of Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday. Finally, BMO Capital Markets upped their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Loblaw Companies presently has a consensus rating of “Moderate Buy” and an average target price of C$191.29.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.