Loblaw Companies Limited (L) to Issue Quarterly Dividend of $0.51 on December 30th

Loblaw Companies Limited (TSE:L) announced a quarterly dividend on Wednesday, November 13th,RTT News reports. Investors of record on Sunday, December 15th will be paid a dividend of 0.513 per share on Monday, December 30th. This represents a $2.05 annualized dividend and a dividend yield of 1.14%.

Loblaw Companies Stock Down 1.2 %

Shares of TSE:L opened at C$180.63 on Friday. The company has a 50 day moving average of C$177.46 and a two-hundred day moving average of C$167.82. Loblaw Companies has a 52-week low of C$116.81 and a 52-week high of C$188.77. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. The company has a market capitalization of C$55.16 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on L. Desjardins upped their price target on shares of Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday. BMO Capital Markets increased their price target on shares of Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. TD Securities lowered their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a report on Thursday. National Bankshares increased their target price on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. Finally, Royal Bank of Canada boosted their price target on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$191.29.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.