Empire (EMP) Declares $0.11 Quarterly Dividend

Empire (TSE:EMP) announced a quarterly dividend on Wednesday, March 14th, Zacks reports. Shareholders of record on Friday, April 13th will be given a dividend of 0.105 per share on Monday, April 30th. This represents a $0.42 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, April 12th.

TSE EMP opened at C$24.85 on Friday. Empire has a 1-year low of C$22.38 and a 1-year high of C$25.49.

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Empire (TSE:EMP) last released its quarterly earnings data on Wednesday, March 14th. The company reported C$0.33 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.08. The company had revenue of C$6.03 billion for the quarter, compared to the consensus estimate of C$5.98 billion. Empire had a negative return on equity of 2.58% and a negative net margin of 0.31%.

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About Empire

Empire Company Limited is engaged in the business of food retailing and related real estate. The Company’s segments include Food Retailing, and Investments and Other Operations. The Food Retailing segment consists of its subsidiary, Sobeys Inc, which owns, affiliates or franchises over 1,500 stores in approximately 10 provinces under retail banners that include Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods, and Lawton’s Drug Stores, as well as more than 350 retail fuel locations.

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