Dollarama Inc (TSE:DOL) declared a quarterly dividend on Thursday, December 6th, Zacks reports. Shareholders of record on Friday, January 11th will be paid a dividend of 0.04 per share on Friday, February 8th. This represents a $0.16 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Thursday, January 10th.
Shares of TSE DOL opened at C$33.33 on Friday. Dollarama has a twelve month low of C$31.35 and a twelve month high of C$56.67.
Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, September 13th. The company reported C$0.43 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.44 by C($0.01). The business had revenue of C$868.45 million during the quarter, compared to analysts’ expectations of C$883.00 million. On average, equities research analysts anticipate that Dollarama will post 1.91999986052214 earnings per share for the current year.
In other news, insider Geoffrey Peter Robillard sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of C$39.19, for a total transaction of C$783,800.00. Also, insider Michael Ross acquired 1,400 shares of Dollarama stock in a transaction dated Thursday, October 11th. The shares were purchased at an average price of C$36.98 per share, with a total value of C$51,772.00.
A number of equities analysts have weighed in on the company. BMO Capital Markets lowered their price target on Dollarama from C$47.00 to C$42.00 in a research report on Friday, November 2nd. Barclays boosted their price target on Dollarama from C$52.00 to C$53.00 in a research report on Wednesday, September 12th. Desjardins downgraded Dollarama from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$58.00 to C$45.00 in a research report on Friday, September 14th. Raymond James lowered their price target on Dollarama from C$56.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday, September 14th. Finally, Royal Bank of Canada reduced their price objective on Dollarama from C$52.00 to C$49.00 and set an “outperform” rating for the company in a report on Tuesday, November 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$57.71.
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Dollarama Company Profile
Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of July 29, 2018, it operated 1,178 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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