Hudson's Bay Co (TSE:HBC) Declares Quarterly Dividend of $0.01

Hudson's Bay Co (TSE:HBC) declared a quarterly dividend on Wednesday, December 6th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.013 per share on Monday, January 15th. This represents a $0.05 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, December 28th.

Hudson's Bay (HBC) opened at C$11.61 on Thursday. Hudson's Bay has a one year low of C$8.08 and a one year high of C$13.43. The stock has a market cap of $2,130.00, a PE ratio of -2.59 and a beta of 1.21.

A number of equities analysts have weighed in on the stock. National Bank Financial raised their target price on shares of Hudson's Bay from C$13.00 to C$14.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 25th. CIBC raised their target price on shares of Hudson's Bay from C$12.50 to C$14.00 in a research note on Wednesday, October 25th. Cowen decreased their target price on shares of Hudson's Bay from C$14.00 to C$12.00 in a research note on Thursday, December 7th. Royal Bank of Canada decreased their target price on shares of Hudson's Bay from C$12.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, December 7th. Finally, BMO Capital Markets downgraded shares of Hudson's Bay from an “outperform” rating to a “market perform” rating and set a C$11.00 target price for the company. in a research note on Friday, December 8th. Nine analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of C$11.72.

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Hudson's Bay Company Profile

Hudson’s Bay Company (HBC) is a Canada-based department store retailer. The Company is an operator and a consolidator, as well as a real estate developer. The Company’s retail portfolio includes approximately 10 banners, in formats ranging from luxury to better department stores to off price fashion shopping destinations, with over 460 stores.

Dividend History for Hudson's Bay (TSE:HBC)

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