Dollarama Inc. Plans Quarterly Dividend of $0.07 (TSE:DOL)

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Wednesday, September 13th, Zacks reports. Shareholders of record on Friday, October 6th will be given a dividend of 0.071 per share on Friday, November 3rd. This represents a $0.28 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, October 5th.

Dollarama Stock Up 5.9 %

Shares of TSE:DOL opened at C$94.66 on Thursday. Dollarama has a 1-year low of C$74.36 and a 1-year high of C$94.98. The company’s fifty day moving average is C$87.17 and its two-hundred day moving average is C$84.20. The company has a debt-to-equity ratio of 1,949.93, a quick ratio of 0.08 and a current ratio of 1.13. The stock has a market capitalization of C$26.82 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 1.93 and a beta of 0.73.

Analysts Set New Price Targets

DOL has been the topic of several research reports. National Bankshares increased their price objective on shares of Dollarama from C$95.00 to C$97.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. Royal Bank of Canada upped their target price on shares of Dollarama from C$98.00 to C$101.00 and gave the stock an “outperform” rating in a research report on Thursday, June 8th. Stifel Nicolaus lifted their price target on Dollarama from C$94.00 to C$96.00 in a report on Thursday, June 8th. Desjardins set a C$93.00 price objective on Dollarama and gave the stock a “buy” rating in a report on Monday. Finally, Canaccord Genuity Group lifted their target price on Dollarama from C$82.00 to C$85.00 in a research note on Thursday, June 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$92.70.

About Dollarama

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.