Dollarama Inc. Plans Quarterly Dividend of $0.09 (TSE:DOL)

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Investors of record on Friday, February 7th will be given a dividend of 0.092 per share on Friday, February 7th. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, January 10th.

Dollarama Stock Performance

DOL stock opened at C$139.26 on Wednesday. The stock has a 50-day moving average price of C$143.82 and a 200-day moving average price of C$136.96. Dollarama has a 1-year low of C$94.39 and a 1-year high of C$152.97. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The firm has a market cap of C$39.24 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Insiders Place Their Bets

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. 2.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DOL has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Canaccord Genuity Group upped their price objective on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Wells Fargo & Company downgraded Dollarama from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Stifel Nicolaus upped their price objective on Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Finally, Desjardins increased their target price on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Dollarama presently has a consensus rating of “Hold” and a consensus price target of C$145.17.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.