The North West Company Inc. (TSE:NWC) Increases Dividend to $0.39 Per Share

The North West Company Inc. (TSE:NWC) declared a quarterly dividend on Tuesday, September 12th, Zacks reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.39 per share on Friday, October 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from North West’s previous quarterly dividend of $0.38.

North West Stock Up 14.7 %

Shares of NWC opened at C$34.65 on Thursday. The business’s 50 day simple moving average is C$31.31 and its 200-day simple moving average is C$34.69. North West has a 1 year low of C$29.58 and a 1 year high of C$40.49. The company has a debt-to-equity ratio of 69.23, a current ratio of 2.23 and a quick ratio of 0.64. The stock has a market capitalization of C$1.66 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.57.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. TD Securities raised North West from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$39.00 to C$41.00 in a research note on Wednesday. BMO Capital Markets cut their target price on North West from C$41.00 to C$39.00 in a research report on Thursday, June 8th. Finally, Royal Bank of Canada dropped their price target on shares of North West from C$38.00 to C$36.00 and set a “sector perform” rating for the company in a research note on Monday, June 12th.

About North West

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 Canadian operations comprises Northern stores, which offers food, financial services, and general merchandise; NorthMart stores that provides fresh foods, apparel, and health products and services; Quickstop convenience stores that provides ready-to-eat foods, and fuel and related services; Giant Tiger junior discount stores, which offers family fashion, household products, and food; Valu Lots discount center and direct-to-customer food distribution outlet; solo market, a store in remote market; Pharmacy and Convenience stores; and North West Company motorsports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other premier brands.