Empire to Issue Quarterly Dividend of $0.11 (EMP.A)

Empire (TSE:EMP.A) declared a quarterly dividend on Thursday, April 12th, TickerTech reports. Investors of record on Monday, April 30th 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 1.72%. The ex-dividend date of this dividend is Thursday, April 12th.

EMP.A stock traded down C$0.08 during midday trading on Friday, reaching C$24.45. The company had a trading volume of 115,273 shares, compared to its average volume of 314,151. Empire has a 1-year low of C$17.43 and a 1-year high of C$26.34.

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Several brokerages have commented on EMP.A. Scotiabank boosted their target price on Empire from C$30.00 to C$32.00 and gave the stock an “outperform” rating in a research note on Thursday, March 15th. National Bank Financial boosted their target price on Empire from C$29.00 to C$30.00 and gave the stock an “outperform” rating in a research note on Thursday, March 15th. TD Securities boosted their target price on Empire from C$26.00 to C$27.00 and gave the stock a “hold” rating in a research note on Thursday, March 15th. Royal Bank of Canada boosted their target price on Empire from C$25.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 14th. Finally, Raymond James Financial boosted their target price on Empire from C$24.00 to C$26.00 and gave the stock a “market perform” rating in a research note on Thursday, December 14th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of C$28.44.

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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.

Dividend History for Empire (TSE:EMP.A)

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