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

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVCGet Free Report) announced a quarterly dividend on Thursday, February 8th, Zacks reports. Investors of record on Monday, March 4th will be paid a dividend of 0.10 per share by the specialty retailer on Wednesday, March 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, March 1st.

Natural Grocers by Vitamin Cottage has raised its dividend by an average of 12.6% annually over the last three years. Natural Grocers by Vitamin Cottage has a dividend payout ratio of 35.7% meaning its dividend is sufficiently covered by earnings.

Natural Grocers by Vitamin Cottage Stock Performance

Shares of Natural Grocers by Vitamin Cottage stock opened at $17.16 on Friday. Natural Grocers by Vitamin Cottage has a one year low of $9.90 and a one year high of $17.75. The company has a market cap of $390.28 million, a PE ratio of 14.66 and a beta of 1.12. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.22 and a current ratio of 0.99. The business has a 50-day simple moving average of $15.90 and a 200-day simple moving average of $14.20.

Natural Grocers by Vitamin Cottage (NYSE:NGVCGet Free Report) last posted its earnings results on Thursday, November 16th. The specialty retailer reported $0.26 earnings per share for the quarter. The firm had revenue of $295.08 million during the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 16.37% and a net margin of 2.29%. On average, equities research analysts forecast that Natural Grocers by Vitamin Cottage will post 1.05 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Todd Dissinger sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $16.54, for a total transaction of $165,400.00. Following the completion of the sale, the chief financial officer now owns 52,666 shares in the company, valued at $871,095.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 59.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NGVC. Tower Research Capital LLC TRC increased its holdings in shares of Natural Grocers by Vitamin Cottage by 315.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,478 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 1,881 shares during the period. Citigroup Inc. grew its holdings in Natural Grocers by Vitamin Cottage by 269.0% in the second quarter. Citigroup Inc. now owns 3,181 shares of the specialty retailer’s stock valued at $39,000 after purchasing an additional 2,319 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Natural Grocers by Vitamin Cottage by 285.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,998 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 1,480 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Natural Grocers by Vitamin Cottage by 78.6% in the second quarter. Wells Fargo & Company MN now owns 4,050 shares of the specialty retailer’s stock valued at $50,000 after acquiring an additional 1,782 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Natural Grocers by Vitamin Cottage by 20.6% during the first quarter. Deutsche Bank AG now owns 6,111 shares of the specialty retailer’s stock worth $72,000 after buying an additional 1,044 shares during the period. Hedge funds and other institutional investors own 31.26% of the company’s stock.

Natural Grocers by Vitamin Cottage Company Profile

(Get Free Report)

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; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; 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.

Further Reading

Dividend History for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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