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

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Friday, January 10th,TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date is Friday, January 10th.

Dollarama Stock Performance

Dollarama stock opened at C$139.26 on Wednesday. The company’s 50-day moving average price is C$143.82 and its 200-day moving average price is C$136.96. Dollarama has a twelve month low of C$94.39 and a twelve month high of C$152.97. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company 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.

Insider Buying and Selling at Dollarama

In related news, Director Stephen Gunn sold 54,950 shares of the stock in a transaction 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. Also, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. 2.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DOL has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their target price for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Desjardins increased their price objective on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. TD Securities increased their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Finally, UBS Group set a C$147.00 price objective on shares of Dollarama and gave the company a “neutral” rating in a research note on Friday, December 13th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.