The North West Company Inc. (TSE:NWC) Plans $0.40 Quarterly Dividend

The North West Company Inc. (TSE:NWC) announced a quarterly dividend on Wednesday, April 16th, TickerTech Dividends reports. Investors of record on Thursday, April 24th will be given a dividend of 0.40 per share on Thursday, April 24th. This represents a $1.60 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend is Wednesday, April 16th.

North West Trading Up 4.5 %

Shares of TSE:NWC opened at C$52.38 on Monday. The company has a current ratio of 2.16, a quick ratio of 0.64 and a debt-to-equity ratio of 59.78. North West has a 12-month low of C$37.15 and a 12-month high of C$55.93. The business has a 50 day moving average of C$47.75 and a two-hundred day moving average of C$49.54. The company has a market capitalization of C$2.52 billion, a PE ratio of 19.26, a PEG ratio of 1.11 and a beta of 0.64.

Wall Street Analysts Forecast Growth

NWC has been the topic of several analyst reports. Cibc World Mkts upgraded shares of North West to a “strong-buy” rating in a research report on Wednesday, February 19th. BMO Capital Markets raised their target price on North West from C$58.00 to C$60.00 in a research report on Thursday. TD Securities increased their price target on North West from C$59.00 to C$63.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, CIBC raised their price objective on North West from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Friday.

North West Company Profile

The North West Company Inc, through its subsidiaries, engages in the retail of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, rural Alaska, the South Pacific, and the Caribbean. The company operates Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh food products, apparel, and health products and services; and Quickstop convenience stores that provides ready-to-eat food products, and fuel and related services.