Empire Company Limited (TSE:EMP.A – Get Rating) Director Michael Bennett Medline bought 9,700 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were acquired at an average cost of C$35.90 per share, for a total transaction of C$348,191.20. Following the purchase, the director now directly owns 86,344 shares in the company, valued at approximately C$3,099,404.22.
Empire Stock Up 0.1 %
Shares of EMP.A stock opened at C$36.38 on Thursday. Empire Company Limited has a fifty-two week low of C$34.71 and a fifty-two week high of C$46.04. The company has a debt-to-equity ratio of 145.35, a quick ratio of 0.35 and a current ratio of 0.76. The firm has a market capitalization of C$13.04 billion and a PE ratio of 12.99. The stock’s 50-day simple moving average is C$38.54 and its 200-day simple moving average is C$40.80.
Empire Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 29th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $0.66 dividend on an annualized basis and a yield of 1.81%. This is an increase from Empire’s previous quarterly dividend of $0.15. Empire’s dividend payout ratio is currently 21.96%.
Analyst Upgrades and Downgrades
Empire Company Limited, together with its subsidiaries, engages in the food retail and related real estate businesses in Canada. It operates through two segments, Food Retailing, and Investments and Other Operations. The company owns, affiliates, and franchises approximately 1,500 retail stores under various retail banners, including Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawtons Drugs; and approximately 350 retail fuel locations.
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