Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) Plans $0.10 Quarterly Dividend

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Monday, November 27th will be given a dividend of 0.10 per share by the specialty retailer on Wednesday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, November 24th.

Natural Grocers by Vitamin Cottage has raised its dividend payment by an average of 78.8% per year over the last three years. Natural Grocers by Vitamin Cottage has a dividend payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Trading Up 22.4 %

Shares of NGVC stock traded up $2.87 on Friday, hitting $15.67. 247,653 shares of the company’s stock traded hands, compared to its average volume of 45,301. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.17 and a current ratio of 1.03. Natural Grocers by Vitamin Cottage has a one year low of $8.00 and a one year high of $15.99. The company’s fifty day simple moving average is $12.88 and its 200 day simple moving average is $12.35. The stock has a market capitalization of $356.30 million, a price-to-earnings ratio of 17.84 and a beta of 1.00.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

Several hedge funds have recently bought and sold shares of NGVC. Barclays PLC lifted its stake in shares of Natural Grocers by Vitamin Cottage by 19.1% in the first quarter. Barclays PLC now owns 13,976 shares of the specialty retailer’s stock worth $164,000 after buying an additional 2,242 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Natural Grocers by Vitamin Cottage by 36.3% during the second quarter. JPMorgan Chase & Co. now owns 10,713 shares of the specialty retailer’s stock valued at $131,000 after purchasing an additional 2,856 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Natural Grocers by Vitamin Cottage during the fourth quarter valued at approximately $111,000. Cubist Systematic Strategies LLC purchased a new position in shares of Natural Grocers by Vitamin Cottage during the third quarter valued at approximately $111,000. Finally, UBS Group AG raised its holdings in shares of Natural Grocers by Vitamin Cottage by 414.7% during the first quarter. UBS Group AG now owns 8,636 shares of the specialty retailer’s stock valued at $101,000 after purchasing an additional 6,958 shares during the last quarter. Institutional investors own 31.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Natural Grocers by Vitamin Cottage in a report on Thursday, October 5th. They issued a “strong-buy” rating on the stock.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; bulk food products; private label products comprising pasta, pasta sauce, ketchup, canned beans and vegetables, frozen vegetables, frozen fruits, frozen meals, frozen pizza, bread, baking mixes, plant based butter, olive and coconut oil, coconut milk, honey, maple syrup, preserves, chocolate, coffee, bacon, beef jerky, canned seafood, popcorn, tortilla chips, taco shells, eggs, cheese, apple sauce, apple cider vinegar, spring water, paper products, cleaning products, and other products; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.